Kit Kat Company purchased equipment that originally cost $21,000 and had $10,000. Kit Kat's sale of the equipment will generate a 1. Loss of $2,000 2. Gain of $1,000 3. Gain of $2,000 4.Loss of $1,000 5.loss of $11,000 Kit Kat Company purchased equipment that originally cost $21,000 and had $10,000. Kit Kat's sale of the equipment will generate a 1. Loss of $2,000 2. Gain of $1,000 3. Gain of $2,000 4.Loss of $1,000 5.loss of $11,000