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 will record a: gain of $2.780. gain of $9.920. loss of $9.920. loss of $2, 780