Question 37 (3 points) If Labor, Inc. uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets that originally cost $120,000 and have been used for 10 years are sold for $36,000? Credit Plant Assets $36,000 Debit Loss on Sale of Plant Assets $84,000 Debit Accumulated Depreciation $90,000, and Credit Gain on Sale of Plant Assets $6,000 Debit Accumulated Depreciation $84,000