QS 8-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $77,200, with accumulated depreciation of $41,000. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (i) $47,300 cash, (2) $36,200 cash, and (3)$31,100 cash. Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. Note Enter debits before eredits