Scenario 3 On December 1, 2019, Green Day Lawn Care (GDLC) purchased a new industrial mower for $100,000. The mower was estimated to have a useful life of 10,000 hours and a residual value of $5,000 at the end of the useful life. The industrial mowers usage is as follows: 2019:2,000 hours 2020: 1,000 hours (as of June 1, 2020) If GDLC sold the mower on June 1, 2020 at a loss of $2,000, what is the journal entry GDLC would record on that day (June 1, 2020)? Rectangular Snip JE # Account Titles Debit Credit