An asset is purchased on January 1 for $43.200. It is expected to have a useful life of four years after which it will have an expected residual value of $5,700. The company uses the straight-line method. If it is sold for $31,400 exactly two years after it is purchased, the company will record a: O gain of $4850 O gain of $6,950 O loss of $4.850 O loss of $6.950