Cambria Owns Equipment That Cost $93,500 with Accumulated Depreciation of $64,000

Cambria owns equipment that cost $93,500 with accumulated depreciation of $64,000. Cambria asks $35,000 for the equipment but sells the equipment for $33,000. Compute the amount of gain or loss on the sale. The journal entry to record the disposal of the asset would involve all of the following except:

A) Debit Accumulated Depreciation $64,000.
B) Credit Equipment $93,500.
C) Debit Loss on Disposal of Equipment $3,500.
D) Credit Gain on Disposal of Equipment $3,500.
E) Debit Cash $33,000.