121. Ecker Company purchased a new machine on May 1, 2004 for $264,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $12,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2013, the machine was sold for $36,000. What should be the loss recognized from the sale of the machine? a. $0. b. $5,400. c. $12,000. d. $17,400