Question 5 2 pts During the year, a company sold equipment at a $1,500 loss. The beginning balance in the equipment account was $41,250, and the ending was $30,000. The beginning balance in the associated accumulated depreciation account was $15,000, there was $3,750 of deprecation expense during the year, and the ending balance was $13,500. There were no other transactions related to equipment during the year. What were the proceeds for the sale of equipment?"