On April 30, 2014, Tilton Products purchased machinery for$198,000. The useful life of this machinery is estimated at 8 years, with an $18,000 residual value. In the year 2020, Tilton Products sells this machinery for $12,000. At the date of sale, the machinery had been depreciated by Tilton Products to its estimated residual value of $18,000. This sale results in: A $6,000 loss in both the company's financial statements and income tax return. No gain or loss in either the financial statements or income tax return. A $6,000 loss in the financial statements; a $6,000 gain in the income tax return. A $6,000 loss in the financial statements, but no gain or loss in the income tax return