On July 15, 2024, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $940,000 and $420,000. respectively, On the date of the sale, the book value of the patent was $215,000, and the book value of the equipment was $514,000 (cost of $759,000 less accumulated depreclation of $245,000 ). Prepare the Joumal entries to record the sales of the patent and equipment. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet 2 Record the sale of the potent for $940,000. On the date of the sale, the book value of the patent was $215,000. Note Cate debins berore credis