A copy machine was purchased for $38,000 and had accumulated depreciation of $25,000. The machine was traded in for a new one that had a sticker price of $52,000. The vendor agreed to give a trade-in allowance for the old equipment in the amount of $9,000. How much will the company need to pay in cash, and what is the amount of the gain or loss?

a.$43,000; loss of $4,000

b.$43,000; gain of $4,000

c.$52,000; no loss or gain

d.$52,000; loss of $4,000