Record the effect of each of the following sales of long-term assets on the accounting equation: \begin{tabular}{|l|l|l|} \hline A $100,000 truck was depreciated using straight-line and assuming a 5-year life and $10,000 salvage value. After 3 years of \\ \hline depreciation was recorded, it was sold for $40,000 cash (on the 1st day of the 4th year). \\ \hline \hline \end{tabular} Be sure to answer each; if no effect, select "0 No Effect". Assets A. Debit Gain (Loss) on Sale of Equipment 6,000; Credit Depreciation Expense Liabilities 54,000 Shareholders' Equity B. Credit Gain (Loss) on Sale of Equipment 60,000 C. Debit Cash 40,000; Debit Accumulated Depreciation 54,000; Credit Equipment 100,000 D. Debit Gain (Loss) on Sale of Equipment 6,000 E. Debit Gain (Loss) on Sale of Equipment 14,000 F. Debit Cash 40,000; Credit Equipment 40,000 G. 0 No effect H. Credit Gain (Loss) on Sale of Equipment 6,000 On September 1, Sea the World Cruises, Inc., lent $5,000 on a 7 -month, 9% note with interest and principal due at maturity. Calculate the amount of interest in the adjusting entry for the year ended December 31. ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR