QUESTION 26 On January 1, 2019, Barker Co. purchased equipment at $400,000, with an estimated 5-year life and an expected residual value of $40,000. On May 1, 2022, Barker Co. sells equipment for $185,000. The gain or loss on a disposal using the straight-line method is O a. $19,000 gain. O b. $25,000 gain. O c. $47,000 loss. O d. None of the above is correct