Jamil decided to depreciate his office machinery at 10% per annum using the straight-line method calculated on a month-by-month basis from the date of purchase to the date of disposal He provided the following information: 1* January 2016 Purchased office machine A, $20,000 paying by cheque 18 October 2019 Purchased office machine B. $15,000. paying by cheque 1st July 2020 Purchased office machine C, $30,000, on credit from XY Limited. Jack Limited sold office machine A for $8,000 REQUIRED: (c) Prepare the profit or loss on the disposal of Office Machine A on 1 July 2020