An asset's book value is $19,300 on December 31, Year 5. The asset has been depreciated at an annual rate of $4,300 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $16,300, the company should record:

A loss on sale of $3,000.

A loss on sale of $3,450.

A gain on sale of $3,000.

A gain on sale of $3,450.

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