On April 30, year 2, a company sold equipment with a carrying amount of $15,000 for $20,000, which was equal to its fair value. The buyer leased the equipment back to the company for a period of 7 years. Additionally, the company determined that the lease was an operating lease and that the present value of the lease payments was $14,000. What journal entry should the company record to account for this transaction in its entirety? O Debit: Cash $20,000; Debit: Right-of-use asset $14,000; Credit: Equipment $20,000; Credit: Lease liability $14,000 O Debit: Cash $20,000; Credit: Equipment $15,000; Credit: Gain $5,000 Debit: Right-of-use asset $14,000; Credit: Lease liability $14,000