Shown below are the T-accounts relating to equipment that was purchased for cash by a company on the first day of the current year. The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a salvage value of $280. Part of the equipment was sold on the last day of the current year for cash proceeds.

Cash
		Jan. 1	(a)
Dec. 31	630

Equipment
Jan. 1	1,280
		Dec. 31	620

Accumulated DepreciationEquipment
		Dec. 31	280
Dec. 31	220

Depreciation Expense
Dec. 31	(b)

Gain on Disposal of Plant Assets
		Dec. 31	(c)

Question: Prepare the journal entry to record sale of part of the equipment on December 31. (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 0 for the amounts.)