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Single Creek Resort sold one industrial-strength mowing cart for $2,000. The cart was originally bought for $5,000. The total accumulated depreciation on the cart was

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Single Creek Resort sold one industrial-strength mowing cart for $2,000. The cart was originally bought for $5,000. The total accumulated depreciation on the cart was $4,000. The resort's manager will have to record a of on the sale of these carts in the loss: $1,000, balance sheet gain; $1,000; balance sheet loss: \$1,000; income statement gain; $1,000; income statement

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