The Records of Pam Company Showed the Following About a Machine

Multiple Choice

The records of Pam Company showed the following about a machine on January 1, 20H: Purchased 1/1/20E for $35,000 Accumulated depreciation at January 1, 20H, $26,400
On July 1, 20H, the machine was sold for $7,000. Depreciation for the first six months of 20H was $1,467. The gain or loss on disposal would be which of the following?

A) $133 gain.
B) $133 loss.
C) $1,600 loss.
D) $1,600 gain.