On January 2, Year 1, Roberts Company purchased equipment costing $36,300, with an estimated salvage value of $1,650 and an estimated useful life of 9 years On December 31, Year 2, Roberts Company sold the equipment to Used Machine Company for $34,185. Required: Prepare the journal entry to record the sale of the asset. Note: Assume that Roberts Company uses the straight line depreciation method and that depreciation has already been recorded for the current year. Date Account Title Debit Credit Cheese 0001 Accumulated Depreciation Can Lost On Disposal Equipment Gain on osal