Nike owns equipment that cost $$101,300$ with accumulated depreciation of $$69,200.$ Nike asks $$36,950$ for the equipment but sells the equipment for $$34,300.$ Compute the amount of gain or loss on the sale.

Multiple Choice

$$4,850$ loss.

$$4,850$ gain.

$$2,650$ gain.

$$2,200$ gain.

$$2,200$ loss.