56 Equipment was acquired on January 1, 2021, for $26,000 with an estimated four-year life and $3,000 residual value. The company uses straight-line depreciation. Record the gain or loss if the equipment was sold on December 31, 2023, for $9,000. Multiple Choice Cash Accumulated Depreciation $9,000 $17,250 Equipment $26,000 Gain $250 Cash $9,000 Equipment Gain $8,750 $250 Cash $9,000 Equipment $5,750 Gain $3,250