On December 31, Strike Company sold one of its batting cages for $206,465. The equipment had an original cost of $242,900 and has accumulated depreciation of $36,435. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?

a. loss of $(36,435)

b. no gain or loss

c. gain of $48,580

d. can't be determined with data provided