Houston City sold a used police car for $12,000. The city purchased the car for $25,000 and had a fair value of $18,000 when it was sold. Assuming that the city maintains its books and records in a manner to facilitate the preparation of fund financial statements, what is the appropriate entry in the General Fund to record this sale? a) Debit Cash $12,000; Credit Automotive Equipment $12,000 b) Debit Cash $12,000; Credit Revenue $12,000. c) Debit Cash $12,000 and Loss on sale $6,000; Credit Automotive Equipment $18,000. d) Debit Cash $12,000; Credit Other Financing SourcesSale of Asset $12,000.