QS 8-10 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $82,800, with accumulated depreciation of $43,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,500 cash, (2) $39,000 cash, and (3)$33,900 cash. Record the sale of equipment assuming Garcia sells the equipment for $51,500 cash. B Record the sale of equipment assuming Garcia sells the equipment for $39,000 cash. Record the sale of equipment assuming Garcia sells the equipment for $33,900 cash