On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $252,469.00 with an accumulated depreciation of $239,845.55. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $29,033.94. What is the amount of the gain or loss on this transaction? Select the correct answer. O Cannot be determined Gain of $16,410.49 0 Loss of $16,410,49 Gain of $29,033.94