Warren Corporation's balance sheet reports equipment that originally cost $82,000. The accumulated depreciation for the equipment is $31,200. Warren sells the equipment for $43,200. What would the effect be on its income statement and statement of cash flows?

	Income Statement	Cash Flows
A.	Gain: $43,200	Investing + $43,200
B.	Gain: $ 7,600	Operating $ 7,600
C.	Loss: $ 7,600	Investing + $43,200
D.	Loss: $50,800	Operating + $43,200

Option C

Option A

Option D

Option B