Warren Corporation's balance sheet reports equipment that originally cost $83,000. The accumulated depreciation for the equipment is $31,600. Warren sells the equipment for $43,600. What would the effect be on its income statement and statement of cash flows? Income StatementCash FlowsMultiple Choice

Loss: $51,400Operating + $43,600

Loss: $7,800Investing + $43,600

Gain: $7,800Operating $7,800

Gain: $43,600Investing + $43,600

Wonen Corporate upone quentator only.co.000 The conforme qumes334000 Wannsels the court for $43.600 What would be efect beats income statement and start of cash flow Goshow Much RE 3, Hi, Corte O 143, 1