Renkas Company purchased a machine for $10,900 on January 1,2019 . The machine has been depreciated using the straight-line method assuming it has a four-year life with a $1,000 residual value. Renkas sold the machine on January 1, 2021, for $7,400. The bobok value as of December 31,2020 is $5,950. What gain or loss should Renkas record on the sale? A. Loss, $1,025 B. Gain, $1,450 C. Gain, $2,500 D. Loss, $1,450