Thunder Ridge Farm sold a piece of farm equipment on June 30, 2020. The machine was originally depreciated on a straight-line basis for 10 years with no salvage value. The machine was originally purchased on January 1, 2016 for $200,000. Thunder Ridge sold the farm equipment for $65,000. The amount of gain or loss recorded at that time was Select answer from the options below $55,000. $45,000. $115,000. $135,000