a A company has old equipment that originally cost $67,500. The equipment was purchased seven years ago, at which time it had an estimated useful life of 10 years and a residual value of $5,200. The straight-line method of depreciation was selected. As of its last year end, December 31, the balance of the asset's accumulated depreciation was $43,610. The equipment was sold on August 1 of the current year for $25,300. Select the correct responses for the following: 1. Equipment's depreciation expense for the year of sale: 2. Equipment's carrying amount on the date of sale: e 3. Was there a gain or loss on equipment sale? 4. Amount ($) of the gain or loss on sale