A company sells a plant asset which originally cost $360,000 for $120,000 on December 31, 2021. The Accumulated Depreciation account had a balance of $144,000 after the current year's depreciation of $36,000 had been recorded. The company should recognize a $240,000 loss on disposal. $96,000 loss on disposal. $60,000 loss on disposal. $96,000 gain on disposal