Question 27 (4 points) On January 1, 2021, Ogle Furniture traded their old cash register in for a new cash register. The old cash register had cost $3,500 originally, but currently has a book value of $500. The new cash register has a list price of $4,800. Ogle Furniture was granted a $800 trade in allowance for the old cash register and paid the difference. What accounts should be credited, and for how much? a) New Equipment $4,800, Accumulated Depreciation $3,000, Loss on Disposal of Plant Asset $300 b) New Equipment $3,500, Gain on Disposal of Plant Asset $300, Cash $4,000 c) Old Equipment $3,500, Gain on Disposal of Plant Asset $300, Cash $4,000 d) Old Equipment $3,500, Gain on Disposal of Plant Asset $300, Cash $4,800