Farmer Company sold a piece of equipment for $6,000. The equipment had an original cost of $34,000 and accumulated depreciation of $31,000 at the time of the sale. Which of the following correctly shows the effect of the sale on the elements of the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders Equity Revenue/Gain Expenses = Net Income A. 3,000 NA 3,000 3,000 NA 3,000 6,000 OA B. (3,000) NA (3,000) NA 3,000 (3,000) 6,000 IA C. 3,000 NA 3,000 3,000 NA 3,000 6,000 IA D. 6,000 NA 6,000 NA NA 6,000 6,000 IA