An Asset Was Purchased for $33,000 on January 1,2019

An asset was purchased for $33,000 on January 1,2019.The asset's estimated useful life was five years,and its residual value was $4000.The straight-line method of depreciation was used.Calculate the gain or loss if the asset is sold for $26,000 on December 31,2019,the last day of the accounting period.

A) $600 gain
B) $1200 loss
C) $1200 gain
D) no gain or no loss