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The smaller boxes are for numerical values and the larger boxes are for account names. Thanks. Granite Stone Creamery sold ice cream equipment for $11,200.

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The smaller boxes are for numerical values and the larger boxes are for account names. Thanks.

Granite Stone Creamery sold ice cream equipment for $11,200. Granite Stone originally purchased the equipment for $77,000, and depreciation through the date of sale totaled $64,000. Determine the financial statement effects of the gain or loss on the sale of the equipment. (Amounts to be deducted should be entered with minus sign.)

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