A county's general fund bought equipment for $50,000. The equipment was estimated to have a 10-year life, straight-line, no salvage value. Four years later, it sold the equipment for $18,000. In the year of the sale, the government-wide statement of activities will report

a. Loss on sale of capital assets of $12,000

b. Proceeds from sale of capital assets of $18,000

c. Loss on sale of capital assets of $32,000

d. Proceeds from sale of capital assets of $32,000