An asset was acquired on August 1, 2021, for $32,000 with an estimated five-year life and $1,700 residual value. The company uses straight-line depreciation. Calculate the gain or loss if the asset was sold on April 30, 2023, for $18,000. Partial-year depreciation is calculated based on the number of months the asset is in service. Multiple Choice $4,545 gain. $9,090 gain. O $6,060 loss. O $3,395 loss