Oe e. 2023 Depreciation Expense $2,500 12/31/23 Book Value $12,750 A machine that cost $24,000 and on which $2,000 of Accumulated Depreciation has been recorded was sold on January 1. If the machine was sold for $18,000 cash, the journal entry to record this event would include a: a. Credit to the Machinery account for $22,000 b. Credit to Accumulated Depreciation for $20,000 Oc. Loss of $2,000 O d. Gain of $4,000 O e. Debit to Accumulated Depreciation for $2,000 If Goodwill is understated on the financial statements: O a Total Liabilities are understated Total Assets are understated