On January 1, 2009, Vaughn Manufacturing purchased for $666000, equipment having a useful life of ten years and an estimated salvage value of $45600. Vaughn has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2017, the equipment was sold for $137500. As a result of this sale, Vaughn should recognize a gain of O $29860. O $137500. O $75460. O $0