On July 1, 2014. Carla Vista Enterprises sold equipment with an original cost of $82,400 for $32,000. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $8,800 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.) Account Titles and Explanation Cash Accumulated Depreciation Gain on Disposal of Plant Assets Debit Credit