Smiley Corporation Sold Equipment Costing $72,000 with $66,000 of Accumulated

Smiley Corporation sold equipment costing $72,000 with $66,000 of accumulated depreciation for $11,000 cash.Which of the following journal entries should be prepared?

A) debit Cash for $11,000 and credit Gain on Sale of Equipment for $11,000
B) debit Accumulated Depreciation - Equipment for $66,000 and credit Equipment for $66,000
C) debit Cash for $11,000,credit Equipment for $6,000 and credit Gain on Sale of Equipment for $5,000
D) debit Cash for $11,000,debit Accumulated Depreciation - Equipment for $66,000,credit Equipment for $72,000 and credit Gain on Sale of Equipment for $5,000