An asset was acquired on August 1, 2021, for $26,000 with an estimated five-year life and $2,600 residual value. The company uses straight-line depreciation. Calculate the gain or loss if the asset was sold on April 30, 2023, for $13,000. Partial-year depreciation is calculated based on the number of months the asset is in service. Multiple Choice $4,680 loss. $4,810 loss. $7,020 gain. $3,510 gain