On September 1, 2020, Horizon Link Inc. purchased a new piece of equipment that cost $45,000 The estimated useful life is six years, and estimated residual value is $1,500. Assume that Horizon Link uses the straight-line method of depreciation and sells the equipment for $21,000 on September 1, 2024. Based on the result of the sale of the equipment what gain (or loss) will Horizon Link realize? LO A $5,000 B. $24,000 C. $0 OD. S(14,500)