An asset's book value is $$18,100$ on December $31,$ Year $5.$ Assuming the asset is sold on December $31,$ Year $5$ for $$14,900,$ the company should record:

Multiple Choice

A gain on sale of $$13,450.$

Neither a gain nor a loss is recognized on this transaction.

A gain on sale of $$3,200.$

A loss on sale of $$13,450.$

A loss on sale of $$3,200.$