On 1/1/Year 1, Fordham Company purchased a piece of machinery for $39,000. It had an estimated selvage value of $500 and an estimated useful life of 5 years. Fordham Company uses the straight-line method of depreciation 3 years later the asset was sold 12/31 Year 3 for $13.000 cash. What would Fordham Company recognize in their 12/31/Year 3 income statement on the sale? Multiple Choice A loss of $12.833 A loss of $5,300 O Again of $5.300 A loss of $2.000 Age of $2.000