Crystal Corporation had beginning property, plant, and equipment, net of amortization, of $427,500 and an ending net amount of $579,300.

Crystal Corporation had beginning property, plant, and equipment, net of amortization, of $427,500 and an ending net amount of $579,300. The income statement reported amortization expense of $38,700 for the year. Crystal Corporation acquired $275,000 of property, plant, and equipment during the year and reported cash received from the sale of property, plant, and equipment of $89,200 for the year. The gain or loss resulting from the sale of property, plant, and equipment was:

A) $2,390 loss

B) $3,400 loss

C) $4,700 gain

D) $5,050 gain