On July 1,2014, Blossom Enterprises sold equipment with an original cost of $68,800 for $26,400. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $7,200 salvage value. Prepare the journal entry to record the sale of the equipment. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.)