Big Wave Inc. exchanged an old vehicle for a new vehicle on August 31, 2021. The original cost of the vehicle was $45,000 on January 1, 2017. Depreciation was calculated using the straight-line method over a ten-year useful life, with an estimated residual value of $3,000. The fair value of the old vehicle on August 31, 2021 was $21,500. The list price of the new vehicle was $30,000. Big Wave received a $24,000 trade in allowance from the dealership and paid $6,000 cash for the new vehicle. As a result of this transaction, the company would record which of the following?

		Cr. Vehicle $23,500
		Cr. Cash $24,000
		Cr. Gain on Disposal $3,900
		Dr. Loss on Disposal $3,900