Luna Manufacturing operates on a fiscal year that ends on June 30. Luna Manufacturing purchased a large piece of production equipment on November 1, 2015, for $65,000. On July 1, 2020, when there was $42,000 of accumulated depreciation, Luna sold the equipment for $20,000. How should Luna record the details of the sale? Cash Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment Cash Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment O Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment 20,000 42,000 3,000 3,000 42,000 20,000 3,000 42,000 20,000 20,000 42,000 3,000 65,000 65,000 65,000 65,000 99+ W 62 S