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On March 1,2021, Sunshine paid $122,000 for a new copy machine. It was estimated that...

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Accounting

On March 1,2021, Sunshine paid $122,000 for a new copy machine. It was estimated that the machine would produce 1,020,000 copies over the next 5 years, at which time it could be sold for $20,000.
The copy machine made the following number of copies during its life:
\table[[2021,132,000,copies],[2022,202,000,copies],[2023,185,000,copies],[2024,172,000,copies],[2025,105,000,copies]]
It was sold on June 1,2025 for $22,200.
Assume that Sunshine uses the Straight Line method of depreciation. The journal entry to record the June 1,2025 sale of the copy machine would include: (round to the nearest dollar)
Select one:
a. a credit to Gain on Sale of $2,200
b. a credit to Loss on Sale of $13,100
c. a credit to Accumulated Depreciation of $122,000
d. a debit to Loss on Sale of $1,200x
e. a debit to Accumulated Depreciation of $86,700
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