Sale of Plant Asset Please include explanation and all formulas thank you

Noble Company has a equipment that originally cost $133,000. Depreciation has been recorded for six years using the straight-line method, with a $27,000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of six years, Noble sells the equipment. Prepare the journal entry to record the equipments sale for (Round to the nearest dollar):

a.	$59,000	cash
b.	$53,500	cash
c.	$44,000	cash

General Journal
Date	Description	Debit	Credit
a.	Cash	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	Equipment	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	To record sale of equipment.
b.	Cash	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	To record sale of equipment.
c.	Cash	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	Accumulated Depreciation - Equipment	Answer	Answer
	AnswerAccumulated Depreciation - EquipmentCashEquipmentGain on Sale of Plant AssetsLoss on Sale of Plant AssetsNet Loss	Answer	Answer
	To record sale of equipment.