An asset was acquired on September 30, 2021, for $119,000 with an estimated five-year life and $32,000 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. Multiple Choice O $36,260 loss. O $1,428 gain. O $4,260 loss. O $16,660 gain