Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31 Cost of equipment = 120000 Useful life in years - 10 . Residual value = 0 Date purchased = February 1, 2021 Date of disposal - October 31, 2023 Cash received on disposal - 85000 What is the accumulated depreciation on the date of the disposal? What is the book value of the equipment on the date of the disposal? What is the amount of the gain or loss on the disposat? If a loss, start your answer a with a - sign. . : BOB BOB $ 4 % 5 & 6 / 7 1 9 2 @ 3 # 8 W R Y E UI O P S F D G H J. L N 2 X X C V B N M ## cmd cmd Question 11 (1 point) A customer returns inventory that you previously sold to him on account and which he has not yet paid for. Which accounts on the seller's (i.e. your) books are affected? You can still sell the returned goods to someone else for full price. a) Only sales and accounts receivable both decrease b) Sales returns and inventory both increase, and accounts receivable and cost of goods both decrease c) Only inventory and accounts payable both decrease d) Sales returns increases, and accounts receivable and inventory both decrease e) Sales returns increases, and accounts receivable, inventory and cost of goods sold all decrease f) Sales returns increases and accounts receivable decreases. No other accounts are affected