On December $31,2021,$ B Corp. sold a machine to Royal and simultaneously leased it back for one year. Pertinent information at this date follows:

Sales price$$720,000$Book value$660,000$Present value of lease rentals$($$$6,000$ for $12$ months at $12\%)68,200$Estimated remaining useful life$12$years

In B$\text{'}$s December $31,2021,$ balance sheet, the recognized gain from the sale of this machine should be:

$$0.$

$$68,200.$

$$60,000.$

$$8,200.$