Company sold some office furniture for $4,800 cash. The furniture cost $31,500 and had accumulated depreciation through the date of sale totaling $26,300. The journal entry to record the sale of the furniture will include a:

debit to Gain on Sale of Furniture for $2,600.

debit to Loss on Sale of Furniture for $400.

credit to Gain on Sale of Furniture for $2,600.

debit to Loss on Sale of Furniture for $26,700.