Loma Linda, Inc. sells a long-lived asset that originally cost $217,000 for $67,000 on December 31, 2018 whe Accumulated Depreciation account had a balance of $118.500 after the current year's depreciation of $46,700 had been recorded. The company should recognize a: Multiple Choice $18.200 loss on sale 596,500 loss on sale $31,500 gain on sale $31.500 loss on sale