Smiley Corporation sold equipment costing 571,000 with $66,000 of accumulated depreciation for $11,000 cash. Which of the following journal entries should be prepared? O A. debit Cash for $11,000. debit Accumulated Depreciation - Equipment for 566 000, credit Equipment for $71,000 and credit Gain on Sale of Equipment for $6,000 O B. debit Cash for $11,000 and credit Gain on Sale of Equipment for 511,000 OC. debit Cash for $11,000 credit Equipment for $5,000 and credit Gain on Sale of Equipment for $6,000 OD. debit Accumulated Depreciation - Equipment for $66,000 and credit Equipment for $66,000