Handalin Corp. sold equipment on December 31, 2020 for $602,000. The equipment originally cost $1,400,000 and had accumulated depreciation of $716,800 at the end of 2019. Deprecation on the machine during 2020 was $143,360. The salvage value is estimated to be $140,000 and the equipment has six years of useful life left. What effect will selling the equipment have on Handalin's 2020 pre-tax income? a) Selling the equipment will reduce 2020 pre-tax income by $114,800. b) Selling the equipment will increase 2020 pretax income by $798,000. c) Selling the equipment will reduce 2020 pre-tax income by $81,200. d) Selling the equipment will increase 2020 pretax income by $62,160. e) None of these answers are correct