During 2020. Jersey Ltd. sold equipment that had originally cost $206,000 for $127,600. This resplted in a gain of $9.600. The balance in the Accumulated Depreciation Equipment was $660,000 on January 1, 2020, and $630,000 on December 31, 2020. No other equipment was disposed of during 2017. Depreciation expense for 2020 was OA) $59,600. OB) $20,000. C) $58,000. D) $101,000