Carla Vista Co, had the following assets on January 1, 2017 Item Machinery Forklift Truck Cast $80,940 34,200 38080 Purchase Date Jan 1, 2007 Jan 1, 2014 Jan 1, 2012 Useful Life (in years) 10 5 8 Salvage Value $0 0 3.424 During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $13,680. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016 Compute the gain or loss for each of the asset disposals that occurred in 2017. (Hint: Be sure to update depreciation for each asset from January 1, 2017, to disposal date.) Item Gain or Loss Amount Machinery $ Forklift $ Truck $