Beachwood Clothing Company operates a chain of high$-$end men's clothing stores. Recently, the company closed one of its stores and sold the equipment that was used in the store. The equipment had cost $$5,000$ and was sold for $$6,000.$ Which of the following shows how the recognition of this event would affect the company's financial statements?

Balance Sheet Income Statement Statement of Cash Flows

Assets $=$ Liabilities $+$ Equity

Cash $+$ Equipment Revenues $+$ Gain $$ Expenses $=$ Net Income

A$.6,000+(5,000)=$ NA $+1,000$ NA $+1,000$ NA $=1,0001,000$ Investing

B$.5,000+(5,000)=$ NA $+$ NA NA $+1,000$ NA $=1,0006,000$ Operating

C$.6,000+(5,000)=$ NA $+1,000$ NA $+1,000$ NA $=1,0006,000$ Investing

D$.6,000+(6,000)=$ NA $+$ NA NA $+$ NA $$ NA $=$ NA $6,000$ Operating