Help Save & Ext Hunter Saling Company exchanged an old sallboat for a new one. The old salboat had a cost of $110,000 and accumulated deprectation of $22,000. The new salboat had an invoice pnce of $124,000 Hunter receved a trade in allowance of $96,000 on the old sallboat, which meant the company pard $28,000 in addition to the old sailboat to acqutre the new salboat substance, what amount of gain or loss should be recorded on this exchange? $8.000 loss $O gain or loss $96.000 gan