Skywaves Corporation had a truck with an original cost of $40,000 and estimated useful life of 10 years with no salvage value. On November 1, 2019 the company sold the truck and a gain of $4,000 was recorded. The accumulated depreciation on the disposal day was $32,000. On November 1, 2019 the cash received was: *

$12,000

$10,000

$14,000

$6,000

None of the above