O Peabody Company purchased equipment on January 1, 2019 for $38,000. Suppose Peabody Company sold the equipment for $18,000 on December 31, 2020 Accumulated wortion as of December 2004 w55.000 Journalire the sale of the equipment, assuming saight-line amortization was used First, calculate any gain or loss on the sale of the equipment (Enter a loss with a minus sign of parentheses) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Amortization Gain or (Loss)