A company had a bulldozer destroyed by fire. The bulldozer originally cost $131,000. The accumulated depreciation on it was $63,000. The proceeds from the insurance company were $93,000. The company should recognize:

a.A gain of $68,000.

b.A gain of $93,000.

c.A loss of $25,000.

d.A gain of $25,000.

e.A loss of $68,000.