Assume a company purchased a vehicle on January 1, 2020 that cost $20,000. The useful life is 10 years and the salvage value is $4,000. The company uses straight-line depreciation. On January 1, 2022, the company sells the vehicle for $14,500. The journal entry to record the sale will include:

A credit to Loss on Sale for $2,300

A debit to Gain on Sale for $2,300

A credit to Gain on Sale for $2,300

A debit to Loss on Sale for $2,300