On January 1, 2009, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salvage value of $45000. Coronado has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2017, the equipment was sold for $162500. As a result of this sale, Coronado should recognize a gain of

$0.

$45800.

$90800.

$162500.