Coronado Industries purchased a new machine on May 1, 2009 for $562800. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $18000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $76200. What should be the loss recognized from the sale of the machine?

$0.

$5360.

$23360.

$18000