On July 1, 2022, Sheridan Company sells machinery for $204000. The machinery originally cost $600000, had an estimated 5-year life and an expected salvage value of $50000. The Accumulated Depreciation account had a balance of $385000 on January 1, 2021, using the straight-line method. The gain or loss on disposal is O $44000 gain. O $131000 gain. O $22000 loss. O $131000 loss