Emma and Ruth are sisters. Emma sold two acres of land located next to Ruth's vacation home, which she purchased $3$ years ago for $$48,000,$ to Ruth for $$45,000.$ Ruth owned the land for $16$ months and then sold it to an adjoining neighbor for $$47,600.$ How much gain or loss did Ruth recognize on the sale?

$-$$$400$ loss

$-$ $$2,600$ gain

$-$ $$5,600$

$-$No gain or loss