On July 1, 2020, Meed Kennels sells equipment for $22,000. The equipment originally cost $60,000, had an estimated 5-year life and an expected salvage value of $10,000. The accumulated depreciation account had a balance of $35,000 on January 1, 2020, using the straight-line method. The gain or loss on disposal is: $3,000 gain. $2,000 pain. $3,000 loss. $2,000 loss