Question 28 (10 points) 28) Equipment was purchased for $35,000 on January 1, 2024. The equipment's estimated useful life was five years, and its residual value was $2,500. The double-declining balance method of depreciation was used. What is the journal entry to record the sale of the equipment for $35.000 on January 3, 2025 35,000 2,500 7.500 33,000 Accumulated Depreciation - Equipment Gain on Disposal Equipment D) Ecuipment Accumulated Depreciation - Equipment Gain en Disposal Cash 35,000 9,150 14.150 33,000 33,000 12.2001 Equipment Accumulated Depreciation - Equipment Gain on Disposal Cash 7,200 35,000 A 35,000 13,200 Accumulated Depreciation - Equipment Gain on Disposal Equipment 16.200 33,000