Marigold Corp., which has a calendar year accounting period, purchased a new machine for $94500 on April 1, 2016. At that time Marigold expected to use the machine for nine years and then sell it for $9450. The machine was sold for $50500 on Sept. 30, 2021. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be $5250. $0. $9450. $3250. During 2020, Waterway Industries sold equipment that had cost $414000 for $236000. This resulted in a gain of $16600. The balance in Accumulated Depreciation-Equipment was $1310000 on January 1, 2020, and $1230000 on December 31. No other equipment was disposed of during 2020. Depreciation expense for 2020 was $219400. $114600. $80000. O $96600