Merryfocht international is a worldwide operator, franchisor, and licensor of hotels, residential, and timesthare propertes totaing neatiy \$1.5 billion in net property and equipment. Assume that Merry racht reploced fumiture that had been used in the busneis for five years. The records of the compony reflected the following regarding the sale of the existing furniture Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field Enter your answert in doliars not in millions. a. $509.000 cash b. 51,605.000cash c. $414,000 cash Journal entry worksheet Fhecord the disposal of the furntiure, assuming the furniture was sols for 5500,000 cash