On Janubry 1, Year 1, Raven Umo Service, Incorporated paid $70,500 cash to purchase a limousine. The limo was expected to have a five-year useful life and a $17,700 solvage value. On January 1, Yeat 5 the llmo was sold for $29,700 cash. Assuming Reven uses straight-line depreciotion, the company would recognize a: Multiple Choice 51.4401015. 535,400ks 535,400 gnin. $t,440 gain