Sheffield Corp. purchased a new machine on May 1, 2012 for $567600. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $30000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2021, the machine was sold for $69600. What should be the loss recognized from the sale of the machine?

1- $53120.

b- $23120.

c- $0.

d- $30000.