Help soon please!

Maggie Company purchased equipment for $344,000 with a salvage value of $12,000. Upon purchase, Maggie estimated that the equipment had a 16-year remaining useful life. The company uses the straight-line depreciation method. After holding the equipment for 5 years, the company sold it for $288,000. The entry to record the sale will include:

Select one:

a. Debit to Depreciation Expense for $103,750

b. Credit to Gain on Sale of Equipment for $47,750

c. Credit to Equipment for $240,250

d. Credit to Loss on Sale of Equipment for $47,750