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Loma Linda, Incorporated sells a long-llved asset that originally cost $217,000 for $67,000 on December 31,2021 . The Accumulated Depreciation account had a balarce of

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Loma Linda, Incorporated sells a long-llved asset that originally cost $217,000 for $67,000 on December 31,2021 . The Accumulated Depreciation account had a balarce of $118,500 after the current year's depreciation of $46,700 had been recorded. The company should recognize a: Multiple Choice $31,500 gain on sale. $18.200los5 on sale $96,600 loss on sale. $31.500 loss on sale

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