Gene's Used Cars used the specific identification method for costing inventory. During March Gene purchased three cars for $5,000, $6,500, and $8,000, respectively. During March, two cars are sold for $7,500 each. Gene correctly determines that at March 31, he has a profit of $3,500. Which cars have been sold?

Question 7 options:

The cars costing $5,000 and $8,000.

The cars costing $6,500 and $8,000.

The cars costing $5,000 and $6,500.

Can not be determined from this information.