On April 1, 2023, Blossom Limited sold some equipment for $58400 cash. The original cost on January 1, 2017 was $145000. Accumulated depreciation at December 31, 2022 (the company's year end) was $84000. The equipment was being depreciated over 10 years on a straight-line basis with no residual value. What is the gain or loss on sale of the equipment? O $1575 loss $4650 gain O $1025 gain O $2600 loss