On July 15, 2021, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $860,000 and $380,000, respectively. On the date of the sale, the book value of the patent was $ $175,000, and the book value of the equipment was $466,000 (cost of $671,000 less accumulated depreciation of $205,000) Prepare the journal entries to record the sales of the patent and equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet