Exan 4 Due 4/1718 9. On Janury t 2016, Jacob Inc prchased a commercial tuck for $48000 and uses the straight Ine d December 31, 2017, Jacob Inc. sold the truck for $43,000. Whet amount of gein or loss should Jacob Inc record on December 31, 2017 method. The truck has a uselul life of eight years and an estimated residual value of $8,000. On 8 O Loss, $18,000 O Gain, $22,000 O Gain $5.000 O Loss, s3.000