On April $1,2021,$ the following $2020$ error was discovered after the $2020$ financial statements were issued. In $2020,$ fully depreciated equipment with an original cost of $$75,000$ and no salvage value was sold for $$6,000.$ The company$$s entry for the sale was a debit to Cash for $$6,000$ and a credit to Equipment for $$6,000.$

The correcting journal on April $1,2021$ includes

A credit to Retained Earnings$-$Prior Period Adjustment account by $$6,000.$

A credit to Equipment account by $$75,000.$

A credit to Gain on Sale of Equipment account by $$6,000.$

A debit to Accumulated Depreciation account by $$69,000.$