It a company sells land for $$12,000$ that it purchased for $$11,000,$ what is the impact on the financial statements.O Net Inerase in assets of $$12,000$ and net increase in revenues of $$12,000$Ner rease lo assats of $$1,000$ and det Increass in netaled esr nings of $51,000$ONet incrase in assets of $$1,000$ and net increase in retained eamings of $$1,000$Net decrease in assets of $$11,000$ and net decrease in retained eamings af$$11,000$Previcior PrEsNort Pigo