n December 31, Strike Company sold one of its batting cages for $13,574. The equipment had an initial cost of $428,100 and has accumulated depreciation of $406,695. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Oa. Loss of $7,831 Ob. Loss of $13,574 Oc. Gain of $7,831 Od. Gain of $13,574