On March 1, 2018. Simran Company bought a new piece of equipment for $500,000 with a salvage value of $80,000 and a useful life of 7 years. On December 31, 2019, Simran Company changes direction of the company and sells the equipment for $300,000. What are the impacts to Simran Company's accounting equation for the sale of this equipment? (Depreciation has already been updated prior to the sale and uses the straight-line method. Only record the impact from the sale journal entry below.) If it increases put a + followed by the amount. Ifit decreases puta- followed by the amount. If there is no impact put +0. For example, if assets go up by $100 then put +100. No dollar signs! Assets: Liabilities: Equity