31. On the dаte equipment is sоld, the equipment hаs аn оriginal cоst of $50,000 and accumulated depreciation of $42,000. The company sells the equipment for $10,500. What gain or loss should the company record? 1. $2,500 gain 2. $2,500 loss 3. $8,000 gain 4. $10,500 gain Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.