Which of the following will be recorded? A company sells a used piece of equipment and receives cash of $14,000 from the buyer. The equipment had originally cost $65,000 and had accumulated depreciation of $40,000. The company will record a $26,000 gain on the sale of equipment. The company will record an $11,000 loss on the sale of equipment. The company will record an $11,000 gain on the sale of equipment. The company will record a $26,000 loss on the sale of equipment. The company will record a journal entry to adjust the equipment's book value of $23,000.