Mammoth's Deli is in the process of closing its operations and sold its three- year-old restaurant equipment to Sacramento Steakhouse for $80,000. The equipment originally cost $220,000 and had an estimated service life of five years and an estimated residual value of $20,000. Mammoth uses straight-line depreciation for all equipment. Required: Determine the following: (a) Depreciation expense for the equipment recorded in year 3: (b) Accumulated depreciation for the equipment at the end of year 3: (c) Net book value (aka "adjusted basis") of the equipment at the end of year 3: (d) Gain or loss recognized upon sale of the equipment. Record gain as a positive number and loss as a negative number