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During 2020, Node Co. sold equipment that had cost $392000 for $235200. This resulted in a gain of $17200. The balance in Accumulated Depreciation-Equipment was

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During 2020, Node Co. sold equipment that had cost $392000 for $235200. This resulted in a gain of $17200. The balance in Accumulated Depreciation-Equipment was $1300000 on January 1, 2020, and $1240000 on December 31. No other equipment was disposed of during 2020. Depreciation expense for 2020 was $77200 $114000 O $60000 $218000

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