An asset's book value is $19,100 on December 31, Year 5. The asset has been depreciated at an annual rate of $4,100 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $16,100, the company should record:

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

A gain on sale of $3,150.

A gain on sale of $3,000.

A loss on sale of $3,150.

A loss on sale of $3,000.