On August 1, 2023 Jensen Enterprises lost their factory and equipment due to a fire. The book value of the building, on January 1, 2023, was $410,000 while the book value of the equipment was $115,000. The building and equipment were depreciated using the straight-line method with annual depreciation of $42,000 for the building and $12,000 for the equipment. Insurance is expected to payout 60% of the book value at the time of the fire. What is the total amount of loss that Jensen will incur as a result of the fire? O $210,000 O $199,200 $197,400 $188,400