On January 2, Year 1, Johnson Company purchased equipment costing $30,000, with an estimated salvage value of $1,600 and an estimated useful life of 8 years. On December 31 , Year 4 , Johnson Company sold the equipment to Used Machine Company for $18,846. Required: Prepare the joumal entry to record the sale of the asset. Note: Assume that Johnson Company uses the straight-line depreciation method and that depreciation has already been recorded for the current year