please help asap! will give thimbs up :)

Lebsack Ltd purchased a truck on October 1,2024 , for $160,000 with an estimated 7-year life and $17,500 residual value. Lebsack uses straight-line depreciation. The truck was sold on May 31, 2026, for $137,500. Prepare the journal entry to record the sale of the equipment. [ 8 points]