Question: please show work 3. Spring Co. purchased a new machine on May 1,2013 , for $132,000. At the time of acquisition, the machine was estimated

please show work please show work 3. Spring Co. purchased a new machine on May

3. Spring Co. purchased a new machine on May 1,2013 , for $132,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $6,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2022, the machine was sold for $18,000. What should be the loss recognized from the sale of the machine? \$

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