Question 5 (1 point) Equipment with a cost of $47,000 and accumulated depreciation of $37,000 is sold for $12,000 cash. The journal entry to record the asset disposal is: Cash 12,000 Gain on Sale of Plant Asset 2,000 Equipment 10,000 Cash 12,000 37,000 Accumulated Depreciation Loss on Sale of Plant Asset 2,000 Equipment 47,000 Equipment 47,000 Loss on Sale of Plant Asset 2,000 Accumulated Depreciation 37,000 Cash 12,000 Cash 12,000 Accumulated Depreciation 37,000 Gain on Sale of Plant Asset 2,000 Equipment 47,000