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On July 1, 2021, Hale Kennels sells equipment for $210000. The equipment originally cost $590000, 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 O $40000 loss. $10000 loss. $10000 gain O $40000 gain. Waterway Company's delivery truck, which originally cost $84200, was destroyed by fire. At the time of the fire, the balance of the Accumulated Depreciation account amounted to $57500. The company received $48700 reimbursement from its insurance company. The gain or loss as a result of the fire was O $22000 gain, O $22000 loss. O $35500 gain. $35500 loss