On July 1, 2014, Blossom Enterprises sold equipment with an original cost of $106,200 for $41,800. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $11,600 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 manuallys)