In 2014, Ayayai Corp. has plant equipment that originally cost $105000 and has accumulated depreciation of $40000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Ayayai use to record the retirement of the equipment?

Accumulated Depreciation - Equipment	40000
Loss on Disposal of Plant Assets	65000
	Equipment		105000

Loss on Disposal of Plant Assets	65000
	Accumulated Depreciation - Equipment		65000

Plant Equipment	105000
	Accumulated Depreciation - Equipment		40000
	Loss on Disposal of Plant Assets		65000

Loss on Disposal of Plant Assets	65000
	Equipment		65000