On January 2, Year 1, Price Company purchased equipment costing $30,200, with an estimated salvage value of $800 and an estimated useful life of 12 years On December 31, Year 10, Price Company sold the equipment to Used Machine Company for $6,724 Required: Prepare the journal entry to record the sale of the asset. Note: Assume that Price Company uses the straight-line depreciation method and that depreciation has already been recorded for the current year Date Account Title Debit Creat