On January 1, 2007, Lasche Auto Sales and Service purchased a vehicle for use in the business at a cost of $44,000. The vehicle has a 4-year useful life with an expected residual value of $4,000. The company has a December 31 year-end and uses straight-line depreciation for all capital assets. On July 1,2009 , the company sold the vehicle for proceeds of $22,000. The journal entry to record the sale of the vehicle would: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a debit loss on sale of assets, $3,000 b credit vehicle, $19,000 c debit accumulated depreciation, $25,000 d credit gain on sale of assets, $2,000