Lester Company disposed of some old equipment, selling it for $50,000 to a third party. The equipment was purchased by Lester for $120,000. Journalize the entry to record the sale under these three separate situations: 1. The accumulated depreciation had a credit balance of $70,000. 2. The accumulated depreciation had a credit balance of $80,000. 3. The accumulated depreciation had a credit balance of $50,000