On December 31, 2019, the AAA Company disposed of a used corporate airplane. AAA received $1,075,000 cash for the airplane. The original cost of the airplane was $5.32 million and its accumulated depreciation equaled $4.36 million on December 31, 2019. What is the gain or loss from the December 31, 2019 airplane sale? Multiple Choice $960,000 gain None of the other answers are correct $115,000 loss Oo oo $960,000 loss $115,000 gain