Razor Company has decided to sell one of its old machines on December 31, 2017. The machine was purchased for $99,000, and the accumulated depreciation was $ 51,000. If the machine was sold for $21,000, what was the amount of the gain or loss recorded at the time of the sale? Select one: a. $90,000 b. $36,000 c. $54,000 d. $14,000. e. The answer does not exist