Question 9 Oriole Company owns equipment that cost $100,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $4,000 and an estimated useful life of five years. Following are the four independent situations. Prepare Oriole Company's journal entry to record the sale of the equipment for $45,400 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Credit Jan 2 (To record disposal of equipment.) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor