An asset with a book value of $19,000 is sold for $16,000. Which of the following answers would accurately represent the effects of the sale on the financial statememts? (Note: the answers show the net effect on the total amount under each category. For example, if cash increased by $100 and Accounts Receivable decreased by $70, a net $30 increase would be shown in the assets column. )

An asset with a book value of $19,000 is sold for $16,000. Which of the following answers would accurately r show the net effect on the total amount under each category. For example, if cash increased by $100 and Ac assets column.) Gain or Inc. Flow Loss A) $19,000 --NA- $19,000 $19.0001 NA-- ?$19,0001$19,000?1 B) ($3,000)NA ($3.000) NA $3,000($3.000) $3.000 OA C) ($3,000)NA($3.000) NA$3,000 $3,000 $3.000 IA ?($3,000). .-NA--+--($3,000) ..-NA-??| $3,000? ($3,000)-$16,000 IA O Choice A O choice B O Choice C O choice D