Martinez owns an asset that cost $$87,000.$ They have taken total accumulated depreciation of $$40,000.$ If the company sells the equipment for $$42,000$ cash, what is the gain or loss that the company record on the sale?

A loss on sale of $$5,000.$

A loss on sale of $$45,000.$

A loss on sale of $$2,000.$

A gain on sale of $$5,000.$