On January 1, 2018, Tyler Co. sells a machine for $23,600. The machine was originally purchased on January 1, 2016 for $41,200. The machine was estimated to have a useful life of 5 years and a residual value of $0. Tyler Co. uses straight- line depreciation. In recording this transaction: Multiple Choice a loss of $1,120 would be recorded. 0 again of $23,600 would be recorded. 0 again of $1,120 would be recorded O a loss of $17,600 would be recorded