A company has old equipment that originally cost $76,500. The equipment was purchased six years ago, at which time it had an estimated useful life of 10 years and a residual value of $5,400. 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 542,660. The equipment was sold on September 1 of the current year for $23.500. Select the correct responses for the following 1. Current year's depreciation expense for the year of sale: 2 Was there a gain or loss on equipment sale? 3 Amount (5) of the gain or loss on sale