Perfect Auto Rentals 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 life of 3 years and a residual value of $4,000. Assume that Perfect has recorded straight-line depreciation expense for 2017 and 2018 a Required: Prepare the journal entry to record the sale of the car assuming the car sold for (a) $11. 100 cash. (0) 58.700 cash, and (c) 812,500 cash. The company recorded the car as equipment