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Beta sold equipment with a book value of $ 3 0 , 0 0 0 for cash of $ 4 0 , 0 0 0

Beta sold equipment with a book value of $30,000 for cash of $40,000 and used $15,000 of that cash to purchase new furniture for its sales office. What is the total effect of these two transactions?
Group of answer choices
Total assets will be increased by $10,000.
Total assets will not change.
Total assets will be increased by $40,000.
Total assets will be decreased by $15,000.
The correct answer is not listed.

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