1. During the year, Mark Company sold equipment with an original cost of $100,000 and accumulated depreciation of $40,000. The income statement revealed a gain of $5,000 relating to this sale. Cash received from the sale of equipment was a. $65,000 b. $5,000 c. $95,000 d. $55,000 e. $105,000 Pierce Co. had 32,000 shares of $2 par common stock outstanding at January 1, 2021. In October, 2021, Pierce Co.'s Board of Directors declared and distributed a 40% common stock dividend when the market value of its common stock was $12 per share. In recording this transaction, Pierce would debit retained earnings for: a. $153,600 b. $12,800 c. $25,600 d. $64,000 1.000.012 notoriating of