On January 2 2022 Dabney Company purchased a copyright from North Company for $200000.The copyright was recorded on North’s books for $160000.It is estimated that the copyright has a remaining useful life of 2 years.Use the following tabular analysis to record the sale of the copyright by North.
A)Decrease Copyrights $160000 increase Revenues $40000 and increase Cash $200000.
B)Increase Revenues and Cash $200000.
C)Increase Expenses and decrease Patents $80000.
D)Increase Cash and decrease Patents $200000.