On July 1, 2014, Blossom Enterprises sold equipment with an original cost of $87,500 for $34.100. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $9.400 salvage value. Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Cash 34100 Accumulated Depreciation 54670 32830 Orce Equipment 87500 Gain on Disposal of Plant Assets