An asset was purchased for $31,000 on January 1, 2019. The asset's estimated useful life was five years, a of depreciation was used. Calculate the gain or loss if the asset is sold for $19,000 on December 31, 2019, the last day of the accounting period. O A. $3,400 gain O B. $6,800 loss OC. $6,800 gain O D. no gain or no loss