Jensen Corp. is a biopharmaceutical company that develops and commercializes produces targeting the extracellular matrix for the endocrinology, dermatology, and drug delivery markets. On January 1, Y3 Jensen Cop. purchased a lab vacuum pump for $30,000 on account. The estimated residual value was $10,000 and the estimated useful life was five years. Jensen Company depreciates equipment using the straight-line method. Give the journal entry for the purchase of the equipment. Indicate the account title to be debited by $30,000. Acct Receivable Acct Payable Cash Equipment Cost of Sales Indicate the account title to be credited by $30,000. Acct Receivable Acct Payable Cash Equipment Cost of Sales Revenue Give the adjusting entry that was made at the end of Y3 for the depreciation on the equipment. Compute the depreciation expense (straight-line method).. $ 10,000 $6,000 $4,000 $2,000 Indicate the account title to be debited by the above amount. Acct Payable Accumulated Depreciation (Equipment) Cash Equipment Indicate the account title to be credited by the above amount. Acct Payable Accumulated Depreciation (Equipment) Cash Equipment Depreciation Expense On December 31, Y5 the Accumulated Depreciation account had balance of $12,000. On December 31, Y5 Jensen Company sold the vacuum pump for $19,000 cash. Give all journal entries related to the disposal of the vacuum pump. Indicate the account title to be debited by $19,000. Acct Receivable Accumulated Depreciation (Equipment) Cash Gain on Asset Disposal None Indicate the account title to be debited by $12,000. Acct Receivable Accumulated Depreciation (Equipment) Loss on Asset Disposal None Indicate the account title to be credited by $30,000. Cash Equipment Gain on Asset Disposal Loss on Asset Disposal None