On January 1, 2018, Dunbar Echo Co. sells a machine for $25,200. The machine was originally purchased on January 1, 2016 for $45,200. The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording this transaction:

A. a loss of $20,000 would be recorded

B. a gain of $1,920 would be recorded.

C. a loss of $1,920 would be recorded.

D. a gain of $25,200 would be recorded.