Tang Company purchased a building for $2,000,000 in 20X1. At December 31, 20X4, the equipment has accumulated depreciation of $1,000,000. At that date, estimated future net cash flows of $700,000 and a fair value of $500,000. The company decides at that time to list the building for sale and expects to incur disposal costs of $10,000. If the company sells the building in 20X2 for $525,000 less $12,000 in disposal costs, the journal entry to record the sale will include Select answer from the options below a credit to Gain on Sale for $23,000. a debit to Loss on Sale for $475,000. a credit to Equipment for $1,490,000. a debit to Accumulated Depreciation for $1,000,000