Problem 3 As of 12/31/Year C, a company reports the following after making adjusting entries. Equipment $50,000 debit. Total accumulated depreciation deprciation is $16000 Instructions: (assume each is separate.) For each of the following situations, record the journal entry necessary. 3a. The equipment is sold for $22,000 in cash Year D. 3b. The equipment is sold for $48,000. The company receives a note receivable (treat like cash) from the purchaser on 1/1/Year D. 3c. The equipment falls a part and cannot be fixed. It is thrown away on 1/1/Year D