An asset was purchased for $32,000 on January 1, 2019. The asset's estimated usehul lde was five years, and ts residual value was $5,000. The straight-line method of depreciation was used Calculate the gain or loss if the asset is sold for $18,000 on December 31, 2019, the last day of the accounting period O A. $4,300 gain O B. $8,600 gain C. S8.600 loss OD, no gain or no loss