An asset was acquired on October 1, 2024, for $93,000 with an estimated five-year life and $19,250 residual value. The company uses units-of-production depreciation and expects the asset to produce 25,000 units. Actual production was: 2024 = 500 units; 2025 = 5,200 units; 2026 = 7,300 units; 2027 = 1,000 units. What is the gain or loss if the asset was sold for $63,000 on March 31, 2027? Multiple Choice $19,400 gain $11,500 gain $24,000 gain $11,300 gain