Use the following information for a Company to answer the following question: Equipment, December 31, 2021 $65,000 Equipment, December 31, 2022 72,000 Accumulated Depreciation, December 31, 2021 39,000 Accumulated Depreciation, December 31, 2022 30,000 During 2022, the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment. What amount would be reported as the cash proceeds from the sale of the equipment? $6,000 $2,000 $8,000 $3,000 $5,000
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