On March 1, 2015, Copy Line paid $102,000 for a new copy machine. It was estimated that the machine would produce 850,000 copies over the next 5 years, at which time it could be sold for $17,000. The copy machine made the following amount of copies during its life:

2015 110,000 copies

2016 168,000 copies

2017 154,000 copies

2018 143,000 copies

2019 87,500 copies

It was sold on June 1, 2019 for $18,500.

Assume that Copy Line uses the Straight Line method of depreciation. The journal entry to record the June 1, 2019 sale of the copy machine would include: (round to the nearest dollar)

	A.	a credit to Gain on Sale of $1,500
	B.	a debit to Loss on Sale of $1,333
	C.	a debit to Accumulated Depreciation of $72,250
	D.	a credit to Accumulated Depreciation of $102,000
	E.	a credit to Loss on Sale of $11,250