Concord Corporation purchased a new machine on May 1, 2009 for $543600. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $24600. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $71400. What should be the loss recognized from the sale of the machine? O $13750. O $24600 O $38350. O $0