Use the spreadsheet below to calculate the gain or loss on each of the following dispositions of property, pla and equipment assets. Place your answer in the space provided. A loss should be indicated by a negativ number. Enter a negative number with a leading minus (-) sign. Note: To use a formula in the spreadsheet must be preceded by an equal sign e.g., =B1+B2. A B Furniture sold 2 Original cost of the furniture $13,000 Accumulated depreciation on the furniture 11,500 Fair market value of replacement furniture 18,000 5 Sales price of the furniture sold 1,200 6 Gain or loss recognized 7 Pickup truck exchanged for a new pickup truck 8 Original cost of truck $24,000 Accumulated depreciation of truck 21,000 10 Sticker price of new truck 27,000 17 Fair market value of the new truck 25,500 12 Cash paid to dealer 21,500 13 Gain or loss recognized 14 Equipment destroyed by fire 15 Original cost of equipment $17,500 16 Accumulated depreciation 3,500 17 Insurance proceeds 15,000 18 Cost to replace equipment 23,000 19 Gain or loss recognized