29. On May 1, 2020, Pinkley Company sells office furniture for 80,000 cash. The office furniture originally cost 200,000 when purchased on January 1, 2013. Depreciation is recorded by the straight-line method over 10 years with a residual value of 20,000. What gain should be recognized on the sale? (3pt) a. 6,000. b. 12,000. c. 12,667 d. 24,000