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Dunng 2021, Brady Company sold a piece of equipment for $7,000. The equipment had an originat cost of $10,000 and accumulated deptecation to the date

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Dunng 2021, Brady Company sold a piece of equipment for $7,000. The equipment had an originat cost of $10,000 and accumulated deptecation to the date of sale of $6.000. The sales proceeds were reported as miscellaneous income on the 2021 income statement. No other entries were made. What is tha effect of the error on the Decernber 31,2021 , balance sheet

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