On July 1,2027, Hale Kennels sells equipment for $235000. The equipment originally cost $592000, had an estimated 5 -year life and an expected salvage value of $90000. The Accumulated Depreciation acceunt had a balanee of $354000 on January 1,2027 , using the straight-line method. The gain or loss on disposal is $47200 gain. $3000 loss. $47200 loss. $3000 gain