Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totalling over $3.2 billion in property and equipment. It also develops, operates, and markets time-share properties totalling nearly $3.3 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 54,800,000 4,010,000 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for. a $790,000 cash b. $1,850,000 cash c. $560,000 cash Of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole ollars.)