Diploma Ltd. (DL) sold a machine used in its operations for cash. The machine originally cost $20,000, accumulated depreciation at the date of disposal was $15,000 and a gain of $2,000 was reported. What was the amount of cash received from the sale of the machine?

a.

$7,000

b.

$5,000

c.

$4,000

d.

$3,000