Hi, please help with the question below. Provide a detailed solution of how you get this answer. Thank you.

Gaston owns equipment that cost $90,500 with accumulated depreciation of $61,000. Gaston asks $30,000 for the equipment but sells the equipment for $26,000. Which of the following would not be part of the journal entry to record the disposal of the equipment? O Debit Cash $26,000. O Credit Gain on Disposal of Equipment $3,500. O O Debit Loss on Disposal of Equipment $3,500. Debit Accumulated Depreciation $61,000. Credit Equipment $90,500