In completing its trial balance on December 31, 2020, Rand Corporation's trial balance was out of balance. On further review, it was discovered that the following entry was made to record the purchase of $10,000 in Equipment on account: DR: Cash $10,000, CR Equipment $10,000. On December 31, the following balances were recorded on the trial balance before any correcting entry, if necessary, was made Cash $320,000 Accounts receivable $35,000 Equipment Accounts Payable $125,000 $40,000 When this specific item is corrected, if needed, the proper balance in the above listed accounts should be what amount? A Cash 290,000 Accounts receivable 25,000 B. The transaction is correctly recorded-no adjustment is necessary. Equipment 105,000 C Cash 320.000 D. Cash 310,000 E. Cash 300,000 Accounts receivable 45,000 Equipment 135,000 Accounts receivable 35,000 Equipment 145,000 Accounts receivable 35,000 Equipment 135.000 Accounts Payable. 20,000 Accounts Payable 30,000 Accounts Payable 50,000 Accounts Payable 40,000