44. CPA-08610 Isle Co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. Isle exchanged the copy machine for a computer that cost $4,000. lsle's future cash flows are not expected to change significantly as a result ofthe exchange. What amount of gain or loss should lsle report and at what amount should it record the asset? a. No gain or loss in the income statement; $3,000 asset in the balance sheet. b No gain or loss in the income statement; $4,000 asset in the balance sheet. c. $1,000 gain in the income statement; $3,000 asset in the balance sheet. d $1,000 gain in the income statement; $4,000 asset in the balance sheet