At the End of 2018,Schenck Corporation Sold Its Only Piece

Multiple Choice

At the end of 2018,Schenck Corporation sold its only piece of equipment for $9,000 cash,a price that resulted in a loss of $3,000.During 2018,depreciation expense recognized by Schenck was $1,000.Schenck uses the indirect method to compute net cash flow from operating activities.In reconciling net income to net cash flow from operating activities under the indirect method,the required adjustments based upon the given data:

A) Increase net income by $4,000.
B) Increase net income by $1,000.
C) Decrease net income by $4,000.
D) Increase net income by $3,000.