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A truck that cost $71100 and on which $60400 of accumulated depreciation has been recorded was disposed of for $18100 cash. The entry to record this event would include a O gain of $7400 O loss of $7400 O credit to Accumulated Depreciation for $60400, O credit to the Equipment account for $10700, Sunland Company has decided to sell one of its old machines on June 30, 2021. The machine was purchased for $204000 on January 1, 2017, and was depreciated on a straight-line basis for 10 years with no salvage value. If the machine was sold for $65000, what was the amount of the gain or loss recorded at the time of the sale? O $56100 O $139000 O $118600 O $47200