Smiley Corporation sold equipment costing $72, 000 with $66, 000 of accumulated depreciation for $10, 000 cash. Which of the following journal entries should be prepared? Select one: debit Cash for $10, 000, credit Equipment for $6000 and credit Gain on Sale of Equipment for $4000 debit Cash for $10, 000, debit Accumulated Depreciation - Equipment for $66, 000, credit Equipment for $72000 and credit Gain on Sale of Equipment for $4000 debit Cash for $10, 000 and credit Gain on Sale of Equipment for $10, 000 debit Accumulated Depreciation - Equipment for $66, 000 and credit Equipment for $66, 000