Perfect Auto Rentals sold one of its cars on January 1. Perfect had acquired the car 2 years earfer for $13,500. Ac acquistion, Peifect assumed that the car would have an estimated life of 3 vears and a residual value of 53,000 . Assume that Perfect had property used the straight-line depreoation method in previous years. Required: Prepare the journal entry to recorts the sale of the car assuming the car sold for (o) $6,500 cash, (b) $4,000 cash, and (c) $7,200 cash. The company reconded the car as equprnent. If an amount box does not recuire en entrv. leave is blank. Perfect Auto Rentals sold one of its cars on January 1. Perfect had acquired the car 2 years earfer for $13,500. Ac acquistion, Peifect assumed that the car would have an estimated life of 3 vears and a residual value of 53,000 . Assume that Perfect had property used the straight-line depreoation method in previous years. Required: Prepare the journal entry to recorts the sale of the car assuming the car sold for (o) $6,500 cash, (b) $4,000 cash, and (c) $7,200 cash. The company reconded the car as equprnent. If an amount box does not recuire en entrv. leave is blank