On April 1, 20x1, Pitchfork, Inc. sold a piece of equipment for $24,000. On January 1, 20x1, the accounts showed the following for the old machine: original cost, $90,000; accumulated depreciation, $63,000 (20-year life, no salvage value, straight-line method of depreciation). Determine the gain/loss on disposal of this asset: $_ o $1,875 loss 0 $3,000 loss O $1,500 gain $1,650 gain Sparky purchased Office Equipment for $220,000, terms 2/10, n/30. In addition, Sparky paid for shipping to get the equipment delivered at a cost of $800, and installation at a cost of $1,200. During installation, it was determined that the electrical wiring in the room within the building that will house the new equipment was not adequate to support its functionality, and had to be re-wired at a cost of $1,500. Determine the original cost of the Office Equipment: $ o 223,500 0 219,100 o 220,000 o 222,000