Flounder Razor Company has decided to sell one of its old manufacturing machines on June $30,2025.$ The machine was purchased for $$86000$ on January $1,2021,$ and was depreciated on a straight$-$line basis over a $10-$year life assuming no salvage value. If the machine was sold for $$26600,$ how much is the gain or loss to be recorded at the time of the sale?

$$59400$ gain

$$49450$ loss

$$25000$ loss

$$20700$ loss