The records of Chew-Toys Co. showed the following about a chew-toy making machine: purchased on July 1, 2015 for $82,000; useful life 8 years, straight line depreciation is used and there is no residual value. On December 31, 2021 the machine was sold for $20,000. Because of this the company will record a gain of: A) Loss of $500 B) Loss of $4,625 C) Gain of $4,625 D) Gain of $500