On May 31, 2024, Option Landscapes discarded equipment that had a cost of $28,200. Accumulated Depreciation as of December 31, 2023, was $27,000. Assume annual depreciation on the equipment is $1,200. Journalize the partial-year depreciation expense and disposal of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal Journalize the partial-year depreciation expense. Date May 31 Accounts and Explanation Debit Credit Calculate any gain or loss on the disposal of the equipment. (Enter a "0" for items with a zero value. Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Journalize the disposal of the equipment. Date May 31 Accounts and Explanation Debit Credit