Equipment with a cost of $30 000 and accumulated depreciation of $25 000 was sold for $3 400. The journal entry to record the disposal would include:

Select one: a. DR Gain on sale, $1 600 b. DR Loss on sale, $1 600 c. CR Cash, $3 400 d. CR Accumulated depreciation, $25 000 e. CR Loss on sale, $1 600