11.3 Gilbert's business sells a fixed asset for cash proceeds of £1300. The asset originally cost £20 700, and accumulated depreciation at the point of sale was £18 210. Three of the following six statements are correct:

1. Profits increase by £1190.

2. Profits decrease by £1190.

3. Cash increases by £1300.

4. Cash increases by £1190.

5. The net book value of fixed assets decreases by £2490.

6. The net book value of fixed assets decreases by £1300.

Which statements are correct?

a) 1, 3 and 6

b) 2, 3 and 5

c) 1, 4 and 5

d) 2, 4 and 6.