Smiley Corporation sold equipment costing $71,000 with $65,000 of accumulated depreciation for $10,000 cash. Which of the following journal entries should be prepared? O A. debit Cash for S 10,000, credit Equipment for S6.000 and credit Gain on Sale of Equipment for S4 ,000 O B. debt Cash for $10,000 and credilt Gain on Sale of Equipment for $10,000 O c. debit Cash for $10,000, debit Accumulated Depre ation-Equipment for S65,000, credit Eq pr ent for S71,000 and eredt aan on Sale of Equenentfo $4,000