Equipment was acquired on January 1, 2021, for $19,000 with an estimated four-year life and $3,000 residual value. The company uses straight-line depreciation. Record the gain or loss if the equipment was sold on December 31,2023 , for $7,600 Multiple Choice \begin{tabular}{|l|r|r|} \hline Cash & $7,600 & \\ \hline Accumulated Depreciation & $12,000 & \\ \hline Equipment & & $19,000 \\ \hline Gain & & $600 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Cash & $7,600 & \\ \hline Equipment & & $4,,00 \\ \hline Gain & & $3,600 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Cash & $7,600 & \\ \hline Equipment & & $7,000 \\ \hline Gain & & $600 \\ \hline \end{tabular}