An asset is purchased on January 1 for $45,200. It is expected to have a useful life of four years after which it will have an expected residual value of $6,100. The company uses the straight-line method. If it is sold for $32,200 exactly two years after it is purchased, the company will record a:

gain of $6,550.

gain of $6,450.

loss of $6,550.

loss of $6,450