An asset is purchased on January $1$ for $$44,700.$ It is expected to have a useful life of five years after which it will have an expected residual value of $$6,000.$ The company uses the straight$-$line method. If it is sold for $$32,000$ exactly two years after it is purchased, the company wi record a:

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loss of $$9,920.$

loss of $$2,780.$

gain of $$2,780$

gain of $$9,920.$