TB EX Qu. 7-203 The Bomb Pop Corporation sold ice cream... The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally purchased for $40,000, and depreciation through the date of sale totaled $24,000. 1. What was the gain or loss on the sale of the equipment? Gain on sale $ 2,5 2. Record the sale of the equipment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry workshe < 1 Record the sale of the equipment Note: Enter debits before credits. Transaction 1 Gene Record the sale of the equipment. Note: Enter debits before credits. Transaction 1 General Journal Debit Cred