uincy Company sold factory equipment on December 31st, 2009 for $64,000. Quincy bought the equipment on January 1st, 2006. The equipment cost $180,000, had a salvage value of $20,000 and a useful life of five years. Quincy decided to use the straight-line method to depreciate the equipment. Quincy's fiscal year is January 1st-December 31st. When Quincy accounted for the sale, the company recorded the following entry: Cr (a) (b) Cash Accounts Cash Accumulated Depreciation Equipment Gain on Sale of Equipment (c) Cash (d) Cash Accumulated Depreciation Equipment Gain on Sale of Equipment O(a) O (c) O (d) Accumulated Depreciation Equipment Gain on Sale of Equipment Equipment Gain on Sale of Equipment O (b) Dr 64,000 128,000 64,000 128,000 64,000 64,000 144,000 160,000 32,000 180,000 12,000 52,000 12,000 180,000 28,000