Equipment, December $31,2021$ $$91,000$

Equipment, December $31,2022$ $$100,800$

Accumulated Depreciation, December $31,2021$ $$54,600$

Accumulated Depreciation, December $31,2022$ $$42,000$

During $2022,$ the company sold equipment with a cost of $$42,000$ and accumulated depreciation of $$35,000.$ A gain of $$4,200$ was recognized on the sale of the equipment.

What amount would be reported as the cash proceeds from the sale of the equipment?

Select one:

a$.$ $$4,200$

b$.$ $$8,400$

c$.$ $$7,000$

d$.$ $$2,800$

e$.$ $$11,200$