Homewood Company acquired a truck that cost $231,000. The company estimated it could sell the truck for $42.000 at the end of its estimated useful life of 5 years. How much is the gain or loss on the sale if straight-line depreciation is used and the asset is sold for $117.600 on December 31, year 37 4 $16.800 loss 167,200 gain $100.800 loss