An asset was acquired on September 30, 2021, for $114,000 with an estimated five-year life and $28,000 residual value. The company uses double-declining-balance depreciation. Calculate the gain or loss if the asset was sold on December 31, 2022, for $60,000. Partial-year depreciation is to be calculated.

a) $15,960 gain.

b) $1,368 gain.

c) $1,560 loss.

d) $29,560 loss.