(47 of 50) Zinger Inc. has a delivery truck which originally cost $23,000. It has a residual value of $5,000. The truck has a total life of 9 years, and was purchased 3 years ago. This year, the truck was used from January 1 until March 31. On April 1, the truck was sold. Assume that Zinger's accumulated depreciation on the truck at the time of sale was $8,000. If Zinger received $14,000 cash when the truck was sold, what amount of gain or loss was recognized? $1,000 gain $1,000 loss $4,000 gain $4,000 loss