AXC Company has the following dispositions during the year: Equipment with an adjusted cost base of $40,000 is sold for $52,000. AXC pays a millwright firm $3,600 to remove the equipment from its production line. They sold a parcel of vacant land for proceeds of $18,500 and AXC Co. has correctly calculated the adjusted cost base of the vacant land to be $22,000. What is AXC's taxable capital gain or allowable capital loss for the year? Choose the correct answer. O A. $3,500 taxable capital gain O B. $4,900 taxable capital gain O C. $2,450 taxable capi gain OD. $3,500 allowable capital loss