Calculator On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $297,724.00 with an accumulated depreciation of $282,837.80 Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $34,238.26. What is the amount of the gain or loss on this transaction? Select the correct answer Loss of $19,352.06 OCannot be determined Gain of $19,352.06 Gain of $34,238.26