On July $1,2021,$ Hale Kennels sells equipment for $$229000.$ The equipment originally cost $$593000,$ had an estimated $5-$year life and an expected salvage value of $$90000.$ The accumulated depreciation account had a balance of $$340000$ on January $1,2021,$ using the straight$-$line method. The gain or loss on disposal is

$$26300$ loss.

$$26300$ gain.

$$24000$ loss.

$$24000$ gain.