The following entry was recorded by HarloweInc.:

Cash

67,000

Accumulated depreciation

23,000

Loss on disposal of property, plant, and equipment

10,000

Property, Plant and Equipment

100,000

What is the effect onHarlowe Inc.'s financialstatements?

Question 31 options:

A deduction of $10,000 shown in using the indirect method of determining cash flows from operating activities on a statement of cash flows.

Net assets increased by $57,000.

Shareholder's equity increased by 10,000.

Retained earnings decreased by $10,000.