Use the rollowing information to answer the next three questions The following selected account balances are taken from the records of Cooper Corporation for the past two years. December 31 Equipment Accumulated depreciation Land Bonds payable Common stock Additional paid in capital Retained earnings Other information available for 2018: $750 160 92 30 $400 225 50 50 120 100 400 320 825 675 Net income for the year was $200. Depreciation expense on plant and equipment was $70 Equipment with an original cost of $200 and Accum. Dep. of $135 was sold at a gain of $5. No land was sold during the year Both new equipment and land were purchased during the year Bonds payable were retired Common stock was issued for cash. Cash dividends were declared and paid. How much cash did Cooper Corp. receive from the sale of equipment? Select one: o a. 60 o b. 70 O C. None of the above o d. 135 o e.195