Company purchased assembling equipment for $600,000 three years ago, and today it sold that piece of equipment for $450,000 cash. The equipment had $200,000 in accumulated depreciation. Which of the following best describes the impact of the asset sale on Company's financial statements?

Group of answer choices

Company's earnings will increase by $50,000.

Company's earnings will decrease by $150,000.

Company's earnings will increase by $450,000.

Company's earnings will increase by $150,000.

Company's earnings will decrease by $50,000.