Nagresso Company sells a plant asset that originally cost $400,000 for $120,000 on December 31, 2020. The accumulated depreciation account had a balance of $220,000 after the current year's depreciation of $30,000 had been recorded. The company should recognize a .: 560.000 loss on disposal b. $60,000 gain on disposal c. $80,000 loss on disposal. d. $180,000 gain on disposal