The Razzle Dazzle Ltd has provided the following balance sheet extract as at December 31, 2021: 2020 2021 Land and building Cost 550,000 Dep'n NBV Cost Dep'n NBV Fixtures and fittings Machinery and equipment Motor vehicle 35,000 515,000 340,000 28,000 312,000 450,000 45,000 405,000 395,000 29,500 365,500 640,000 64,000 576,000 490,000 35,600 454,400 520,000 60,000 460,000 440,000 36,700 403,300 Long term investment 180.000 250.000 It was ascertained that during the year, equipment costing $61,000 with depreciation of $13,00 was sold for $55,000. How much is to be shown as gain or loss on disposal? a. Loss of $6,000 O b. Gain of $42,000 O c. Gain of $7,000 O d. Loss of $19,000