question attached below

Homework: Week Five Exercises Save Score: 0 of 1 pt 6 of 10 (4 complete) HW Score: 29.12%, 2.91 of 10 pts S10-9 (similar to) Question Help CD Warehouse purchased equipment on January 1, 2018, for $12,975. Suppose CD Warehouse sold the equipment for $9,000 on December 31, 2020. Accumulated Depreciation as of December 31, 2020, was $7,077. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Enter any number in the edit fields and then click Check