The following entry was recorded by Woodrow Inc.:

Cash	57,000
Accumulated depreciation	33,000
Loss on disposal of property, plant, and equipment (PPE)	10,000
PPE		100,000

What is the effect on Woodrow's financial statements?

A.Current assets increased by

$67,000.

B.Retained earnings decreased by

$57,000.

C.The carrying value of property, plant, and equipment (PPE) decreased by

$67,000.

D.Net assets increased by

$57,000.