On January 2 2022 High Country Corporation Sold Equipment with a Book

On January 2 2022 High Country Corporation sold equipment with a book value of $60000 for $70000 cash.Use the following tabular analysis to record the sale.

A) Increase Cash $70000 decrease Equipment $160000 decrease Accumulated Depreciation $100000 and decrease Revenues $10000.
B) Increase Cash $70000 decrease Equipment $160000 decrease Accumulated Depreciation $100000 and increase Revenues $10000.
C) Increase Cash $70000 increase expenses (loss) $10000 decrease Equipment $160000 and decrease Accumulated Depreciation $100000.
D) Increase Cash $70000 decrease Equipment $60000 and increase Revenues $10000.