[The following information applies to the questions displayed below.] The balance sheets of HiROE, Inc., showed the following at December 31, 2017, and 2016: December 31, 2017 December 31, 2016 Equipment, less accumulated depreciation of $33,250 at December 31, 2017, and $23,750 at December 31, 2016 $ 42750 $ 52,250 c-2. Assume that this equipment account represents the cost of 10 identical machines. Prepare the journal entry for sale of the machine to calculate the gain or loss sale of one of the machines on January 2, 2018, for $4,750. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of equipment. Note: Enter debits before credits. Event General Journal Debit Cred Record entry Clear entry View general journal