Yellow Dog Transit Sold an Old Truck on December 31

Yellow Dog Transit sold an old truck on December 31, 2016, for $18,400 cash.The following data was available when the truck sold: $\begin{array}{lr}\text { Acquisition cost } & \$ 75,000 \\\text { Estimated residual value at time of acquisition } & 8,000 \\\text { Accumulated depreciation on December } 31,2016 \text { after adjustment } & 53,600\end{array}$ ? When this transaction is recorded, it should include a(n)

A) Loss on Disposal account for $3,000
B) Decrease of $21,400 to the Truck account
C) Gain on Disposal account for $3,000
D) Gain on Disposal account for $5,000