On April 1, 2023, Unicorn Inc. sells machinery for $40,000. The machinery originally cost $155,000 and had an estimated 8-year life with an expected salvage value of $15,000. The Accumulated Depreciation account had a balance of $95,500 on December 31, 2022. a. What is the gain or loss on the date of the sale? (Hint: Don't forget to update depreciation through the date of sale first!) b. What is the journal entry to record this sale