A copy machine was purchased for $35,000 and had accumulated depreciation of $24,000. The machine was traded in for a new one that had a sticker price of $50,000. The vendor agreed to give a trade in allowance for the old equipment in the amount of $9,000, How much will the company need to pay in cash, and what is the amount of the gain or loss? O $41,000, gain of $2,000 On $41,000, loss of $2,000 O $50,000, no loss or gain Od $50,000, loss of $2,000