Sangmoon Co. sells equipment for $1,000 cash. The equipment cost Sangmoon $6,500 and has accumulated depreciation of $2,000 at the time of sale. Sangmoon will record the sale with a credit to which account and for how much? O Loss on Sale of Equipment for $3,500. O Gain on Sale of Equipment for $3,500. O Equipment for $6,500. O Equipment for $1,000