Served Help Save & Eelt Submit Equipment was acquired on January 1, 2021, for $22,000 with an estimated four-year life and $2,000 residual value. The company uses straight-line depreciation. Record the gain or loss if the equipment was sold on December 31, 2023, for $8,200 07 Multiple Choice 38,200 $15,000 Cash Accumulated Depreciation Equipment Gain $22,000 $1,200 $8,200 Cash Equipment Gain $7.000 $1,200 $3,200 Cash Equipment Gain 55.000 $3,200 Saved Cash Accumulated Depreciation Equipment Gain $8,200 $15,000 $22,000 $1,200 O $8,200 Cash Equipment Gain $7,000 $1,200 Cash Equipment Gain $8,200 $5,000 $3,200 Cash Accumulated Depreciation Loss Equipment $8,200 $10,000 $3,800 $22,000