Farmer Company sold a plece of equipment for 55.000 The equipment had an original cost of $4.000 and accumulated depreciation of $31000 at the time of the sale. Which of the following correctly shows the effect of the sale on the elements of the financial statements Halance Sheet Income Statement Stockholders Ass Liabilities Equity Revenue/Gain - Expenses Net Income Statent of A. 3.000 NA 3.ee 3.000 Cash Flows NA 33,000) NA (3.000) 3.000 NA 5,000 GA 3,000 (3.000) C. MU 6,000 TA 3,000 3.000 NA 5,000 D. 3.000 6. 6.000 IA NA NA 5,000 6,000 TA 3.000 Mine Chance Oct Coen o ononc Decone