Thumbs up to who can answer this in 15 :) Restaurant Company purchased equipment that cost $520,000. It had an estimated useful life of eight years and no residual value. The equipment was depreciated by the straight-line method and was sold at the end of the fifth year of use. For what amount should restaurant company record the gain or loss if the equipment is sold for $187,000? Make the journal entry.

Account Name	Debit	Credit