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19. Gradone Company reported net income for 2012 in the amount of $40,000, and Net Cash Flow from Operating Activities of $47,000. The company's financial
19. Gradone Company reported net income for 2012 in the amount of $40,000, and Net Cash Flow from Operating Activities of $47,000. The company's financial statements also included the following information: Decrease in accounts receivable $6,000 Increase in inventory 4,000 Gain on Sale of Equipment Decrease in Unearned Revenue 2,000 Depreciation expense 8,000 What was the gain on sale of equipment? A. $1,000 B. $2,000 C. $3,000 D. $4,000
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