Tresler Co. owns equipment that cost $92,500, with accumulated depreciation of $54,000. Tresler sells the equipment for cash. Record the sale of the equipment for cash. Record the sale of the equipment assuming Tresler sells equipment for (1) $42,000 cash, (2) $38,500 cash, and (3) $31,000 cash. *Please explain how you get your answer and make sure that it is 100% correct. Thank you