On May $1,2021,$ Vaughn Company sells office furniture for $$298800$ cash. The office furniture originally cost $$754000$ when purchased on January $1,2014.$ Depreciation is recorded by the straight$-$line method over $10$ years with a salvage value of $$85000.$ What gain should be recognized on the sale?

$($Hint: Use $7\mathrm{.}333333$ for years used in calculation.$)$

O $$22300.$

O $$70800.$

O $$37900.$

$$ $$35400.$