On December 31, 2021, Crandall Company sells equipment that originally cost $275,000 for $75,000. The accumulated depreciation account had a balance of $100,000 after the current year's depreciation of $12,000 had been recorded. Crandall Company should recognize a Group of answer choices

$200,000 loss on disposal.

$100,000 loss on disposal.

$100,000 gain on disposal.

$270,000 loss on disposal.