On December 1,20x1, Acme Corp. purchased equipment for $56,220 with an estimated salvage value of $7.508 at the end of its estimated life of 7 years. Acme used the equipment for several years and then sold it on April 30, 20x5 for $14,411. On April 30, 20x5, Acme will record a Loss on Sale of Equipment equal to Round to the nearest penny