Perfect Auto Fontais sold one of its cars on January 1, 2019. Perfect had acquired the car on January 1, 2017, for $25,300. At acquisition Perfect assumed that the car would have an estimated ite of 3 years and a residual value of $4,000. Assume that Perfect has recorded straight-line depreciation expense for 2017 and 2018. Required: Prepare the journal entry to recond the sale of the car assuming the car sold for (a) $11,100 cash, (b) $8,700 cash, and (c) $12,500 cash. The company recorded the car as equipment. cord the sale of the car on December 31 assuming the car sold for (a) $11,100 cash, (b) $8,700 cash, and (c) $12,500 cash. The company recorded the car as oquigment