Concord Corporationpurchased a new machine on May 1, 2012 for $559200. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $26400. The company has recorded monthly depreciation using the straight-line method. On March 1, 2021, the machine was sold for $71400. What should be the loss recognized from the sale of the machine?

$17160.

$0.

$43560.

$26400.