An asset was acquired on October $1,2021,$ for $$115,000$ with an estimated five$-$year life and $$45,000$ residual value. The company uses units$-$of$-$production depreciation and expects the asset to produce $25,000$ units. Calculate the gain or loss if the asset was sold on March $31,2024,$ for $$69,000.$ Actual production was: $2021=1,100$ units; $2022=8,000$ units; $2023=9,300$ units; $2024=1,600$ units.

Multiple Choice

$$28,320$ gain.

$$23,400$ gain.

$$10,000$ gain.

$$6,100$ gain.