JoyGRey Company purchased a building on January 1,2021 for a cost of $4,000,000 cash. On December 31,2021 , the balance of accumulated depreciation was $360,000. Six months later on July 1,2022 , the company sold the equipment for $3,000,000 when the balance of accumulated depreciation was $540,000. The journal entry to record this sale would Debit L.oss on Sale of Building $460,000 Debit Loss on Sale of Building $640,000 Debit Accumulated Depreciation $360,000 Credit Building $3,460,000