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Use the following to answer questions 20-22 AJ Construction is in the process of closing its operations. It sold its 5-year-old Caterpillar 279C Compact Track Loader for $90,000. The loader originally cost $210,000 and had an estimated useful life of 7 years and an estimated residual value of $35,000. The company uses straight-line depreciation for all equipment. Cost = 210,ood dc=175,000 175,000 = 25,000 RV-51000 Lite= 7yrs 210,000 125,000 x5)=85,000 20. $60.000 Calculate the book value of the loader at the end of the 5th year. 21. $. What was the gain or loss on the sale of the loader at the end of the 5th year; (if loss, put - in front of your answer). 22. Record the sale of the loader at the end of the 5th year. Cash Accumulated depreciation Loader Continued on the next page