A county acquires equipment for $16,000,000 at the beginning of 2015. The equipment has an 8-year life, no residual value. At the beginning of 2021 (6 years later), the equipment is sold for $9,000,000. Use straight-line depreciation, if appropriate. The equipment is used for a parking garage and is reported in an enterprise fund. What is reported in the enterprise fund's operating statement, related to this equipment, in 2021?

Select one:

A. Other financing source, $9,000,000

B. Loss on sale, $7,000,000

C. Gain on sale, $5,000,000

D. Revenue, $9,000,000