Question 9 Not yet swered Marked out of 4.00 Equipment costing Bennett Corporation $60,000 was destroyed by a tornado on January 1, 2021. The equipment, which had been depreciated through December 31, 2020, had accumulated depreciation of $30,500. The equipment was insured and Bennett expects to receive $15,000 from the insurance to settle the loss claim. Prepare the general journal entry to record the fire loss on January 1, 2021