16) On December 31, Strike Company sold one of its batting cages for $23,744. The equipment has an initial cost of $263,825 and had accumulated depreciation of $237,443. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?

a.Loss of $213,699

b.Loss of $2,638

c.Gain of $240,081

d.Gain of $2,638