In 2022, Blanchard Corporation has plant equipment that originally cost $120,000 and has accumulated depreciation of $48,000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Blanchard use to record the retirement of the equipment? 72,000 72,000 48,000 72,000 a. Loss on Disposal of Plant Assets Equipment b. Accumulated Depreciations Equipment Loss on Disposal of Plant Assets Equipment C. Loss on Disposal of Plant Assets Accumulated Depreciation Equipment d. Plant Equipment Accumulated Depreciation - Equipment Loss on Disposal of Plant Assets 120,000 72,000 72,000 120,000 48,000 72,000