An asset was purchased for $30,000 on January 1, 2019. The asset's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $22,000 on December 31, 2019, the last day of the accounting period. O A. $2,800 loss O B. $1,400 gain OC. $2,800 gain OD. no gain or no loss