Ekin Industries purchased a building in 2017 for $41,000. It had an estimated useful life of 30 years and a salvage value of $25,000. Eljin uses straight-line depreciation. In early January of 2023 Eikin took advantage of the hot real estate market and sold the building for $550,000. Required: Prepare the joumal entry to record the sale, including any gain or loss that should be recognized. Show calculations for the Accumulated Depreciation balance and for the Gain or Loss amount. Ekin Industries \begin{tabular}{lr|} \hline Purchase price & 415,000.00 \\ \hline Useful life & 30.00 \\ \hline Salvage value & 25,000.00 \\ \hline Selling price & 550,000.00 \\ \hline \end{tabular} Accum. Depreciation