Richardson Company purchased machinery for $900,000 on January 1, 2019. Accumulated Depreciation. was $800,000 on December 31, 2025. The machinery was sold on January 1, 2026 for $80,000. What gain or loss did Richardson record from the sale of the machinery? a. $20,000 loss b. $80,000 gain c $20,000 gain a. 580,000loss