On June 30, Beige Co. sold a used equipment that had been used in the business for five years. The records of the company reflected the following: Equipment original cost $980 Accumulated depreciation (on June 30) $50 1. Assuming that the equipment was sold for $600 cash, what is the gain or loss from the June 30 equipment sale? Fill in the 1st blank with Gain" or "Loss" and fill the 2nd blank with the amount. of $ 2.Assuming that the equipment was sold for $400 cash, what is the gain or loss from the June 30 equipment sale? Fill in the 1st blank with Gain" or "Loss" and fill the 2nd blank with the amount. of $