The Following Entry Was Recorded by Hollow Inc What Is the Effect on Hollow's Financial Statements?
A)A Cash

The following entry was recorded by Hollow Inc.: $$\begin{array} { | l | r | r | } \hline \text { Cash } & 70,000 & \\\hline \text { Accumulated depreciation } & 30,000 & \\\hline \text { Gain on disposal of property, plant and equipment (PPE) } & & 10,000 \\\hline \text { PPE } & & 90,000 \\\hline\end{array}$$ What is the effect on Hollow's financial statements?

A) A cash inflow from investing activities of $70,000.
B) Net assets decreased by $10,000.
C) A decrease of $10,000 in using the indirect method of determining cash flows from operating activities.
D) Retained earnings decreased by $10,000.