Chichi's Pizza purchased a delivery van on January 1, 2003 for $50,000. In addition, Chichi had to pay sales tax and title fees of 2,000. The van is expected to have a five-year useful life and a salvage value of $12,000. Assume straight-line depreciation is used. Also assume the van was sold on January 1, 2006 for $30,000. The amount of Gain (Loss) recorded on the sale of the van would be:

a). gain of $2800

b). loss of $(2800)

c). gain of $10,000

d). gain of $2,000