First Watch acquired equipment on October 1,2019 at a cost of $117,500. It has an estimated useful life of 10 years, an estimated salvage value of $7,500, and is depreciated by the straight-line method. Assuming that the equipment was sold on July 1,2023 , for $73,500, the sale of the equipment would result in a... Loss of $2,750 Loss of $13,750 Loss of $5,500 Gain of $4,750 Gain of $63