A company purchased a piece of equipment for $20,000 on January 1, 2019. Management estimates residual value of $2,000 and a useful life of five years. It uses the straight-line method of depreciation. Where applicable, it applies the half-year rule. On December 1, 2021 it disposed of the asset for $13,000 cash. What is included in the journal entry to record the disposal? Loss on disposal of $5,000 Loss on disposal of $1,600 Gain on disposal of $2,200 Gain on disposal of $200