An asset's book value is $18,800 on December 31, Year 5 . Assuming the asset is sold on December 31 , Year 5 for $14,200, the company should record: Multiple Choice A gain on sale of $4,600. Neither a gain nor a loss is recognized on this transaction. A loss on sale of $13,100. A gain on sale of $13,100, A loss on sale of $4,600