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Sale ARC Company sold its equipment on June 1, 2020 for $5,000. At the disposal date, the equipment's book value was $6,600. The original cost of the equipment is $18,000. The sale of the equipment results in a Gain on disposal of $1.400 Loss on disposal of $1,600 Gain on disposal of $1,600 Loss on disposal of $1,000 The sale entry will include a O Debit of Cash $6,600 Credit of Cash $5,000 Debit of Accumulated Depreciation $11.400 None of the options Assuming that the annual depreciation expense of the equipment under the straight-line method is $15.200. how many months did the equipment been used? O 8 months 9 months O 10 months O None of the options Page 6 of 10