Darwin acquired 60% of Monaco Company on January 1, 2020. On that date Monaco sold equipment to Darwin for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Monaco reported net income of $300,000 and $325,000 for 2020 and 2021, respectively. Darwin uses the equity method to account for its investment in Monaco.What is the consolidated gain or loss on equipment for 2020? O a. 21000 loss O b. 9000 loss O c. O O d. 21000 gain O e. 9000 gain