United Petro Company classifies one of its long-lived assets as held for sale. This asset had a carrying value of $230,000 and a fair value of $140,000 on December 31, Year 1. A year later, the fair value of the asset is $170,000. Estimated selling cost on this asset is $7,000 in both years. On December 31, Year 1, the company should recognize:

	A.	a loss of $67,000.
	B.	a loss of $90,000.
	C.	a loss of $97,000.
	D.	neither a gain nor a loss.