An asset's book value is $72,000 on January 1, year 6. The asset is begin depreciated $1,000 per month using the straight-line method. Assuming the asset is sold on July 1, year 7 for $52,000, the company should record:

A) a gain on sale of $2,000

B) a loss on sale of $2,000

C) a loss on sale of $1,000

D) neither a gain or loss is recognized on this type of transaction

E) a gain on sale of $1,000