Footloose Limited acquired furniture and fittings on 1 July 2020 for $63538. The estimated useful life of the furniture and fittings at acquisition date was 9 years and the residual value was $0. Footloose Limited uses a straight line method for depreciation calculations. The company sold all the furniture and fittings on 1 January 2022 for $51399. How much is a gain (+) or a loss (-)?

A.

1981

B.

-5079

C.

-12139

D.

-1549