On January 1, 2018, Samson Industries purchased a piece of equipment for $100,000. Samson plans to dispose of the equipment in 5 years for $10,000. Samson performs depreciation on a straight-line basis. On January 1, 2021, Samson sells the equipment for $50,000. The entry to record the disposal includes:

Group of answer choices

Increases Total Assets, Increases Stockholders Equity

Decreases Total Assets, Increases Stockholders Equity

Increases Total Assets, Decreases Stockholders Equity

Decreases Total Assets, Decreases Stockholders Equity