15 (1 point) ABC Corporation owns machinery that cost $20,120 when purchased on January 1, 20X0. Straight-line depreciation has been recorded at a rate of $2,980 per year, resulting in a balance in accumulated depreciation of $5,960 at December 31, 20X1. The machinery is sold on September 1, 2022, for $13,610. What is the gain or loss recorded on the disposal of the machinery? $1.401 $1,437 $1,473 $1.509 $1.544