On December 31, Strike Company sold one of its batting cages for $22,071. The equipment had an initial cost of $245,230 and had accumulated depreciation of $220,707. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? a. Gain of $223,159 b. Loss of $2,452 C. Loss of $198,636 d. Gain of $2,452