On December $31,2024,$ Causholi Corporation sold a machine to Monika Company and simultaneously leased it back for one year. Pertinent information at this date follows:

Sales price$$940,000$Carrying amount$890,000$Present value of lease payments $($$$9,000$ for $12$ months at $12\%)102,300$Machine$$s estimated remaining useful life$12$years

In Causholi$$s December $31,2024$ income statement, the gain recognized from the sale of this machine should be:

Multiple Choice

$$50,000.$

$$337,600.$

$$0.$

$$4,167.$