Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totaling over $1.5 billion in property and equipment. It also develops, operates, and markets time-share properties totaling nearly $2.11 billion. Assume that Marriott replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture. Furniture (cost) Accumulated depreciation $ 6,040,000 5,523,000 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) a. $517,000 cash b. $1,604,000 cash c. $403,000 cash