Question 7 1 pts Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014 $39,000 Accumulated Depreciation, December 31, 2015 $30,000 During 2015, the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment. What amount would be reported as the cash proceeds from the sale of the equipment? O $2,000 O $3,000 $5,000 O $6,000 $8,000