On June 1, 2021, Sunland Manufacturing acquired a machine for $163000 with an estimated useful life of five years and an estimated residual value of $11600. The company uses the double-declining-method of depreciation and takes a full year's depreciation in the year of acquisition and none in the year of disposition. If the machine were disposed of for $19300 on May 1, 2023, the loss on disposal would be $58680. $39120. $47732. $39380.