On December 31, Strike Company sold one of its batting capes for $0,000. The equipment had an original cost of $310,000 and has accumulated depreciation of $260,000. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? 4. tatiof $50.000 b. loet of $50,000 E. noegin or hos d. cannot te determined