Patents (Intangible Assets), which were reported at 144,000 on the Statement of financial position as at 31st Dec. 2021 were sold for 98,000 on 30th June 2022. These patents were acquired on 1st January 2020 and were being amortised over five year useful life using the sum of the years digits method. Calculate the gain or loss on disposal?

31,600 gain

10,000 gain

10,000 loss

31,600 loss