Collicutt Energy Services Ltd. of Calgary, Alberta, reported the following for land, buildings, and equipment (in millions): E: (Click the icon to view the report.) During 2020, Collicutt Energy paid $73.8 million for new property and equipment Depreciation for the year totalled $38 2 million During 2020, Collicutt sold property and equipment for $19.2 million. How much was collicutt's gain or loss on the sale of the property and equipment? How would this gain or loss be reported on the income statement? Record the sale of the property and equipment How much was Collicutt's gain or loss on the sale of the property and equipment? Compute the cost of land, buildings, and equipment sold and the amount of depreciation accumulated on the assets sold (Enter amounts in millions as provided to you in the problem statement, X.X.) The cost of land, building, and equipment sold was S million Report December 31 2020 2019 $ 538.5 $ 565.0 Land, buildings, and equipment Accumulated depreciation (1952) (202.5) Print Done