13. Portas Co. leased equipment to Ingalls Co. Assume the lease payments were made on the basisthat the residual value was guaranteed and Portas gets to recognize all the pro?ts. At the end ofthe lease term, before the lessee transfers the asset to the lessor, the leased asset and obligationaccounts have the following balances: Leased equipment under capital lease $1,400,000 Less accumulated depreciation——capital L??lease Interest payable Obligations under capital leases If, at the end of the lease, the fair market value of the residual value is $30,800, what gain orloss should Portas record? 0 A. $22,680 gain0 B. $24,920 loss@ C. $25,200 loss0 D. $30,800 gain