On January 1, 2018, Dunbar Echo Co. sells a machine for $25,800. The machine was originally purchased on January 1, 2016 for $46,700. The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording this transaction: Multiple Choice a loss of $2,220 would be recorded. a gain of $2,220 would be recorded. a loss of $20,900 would be recorded. a gain of $25,800 would be recorded