#2 On 1/1/2017 Rivera Company purchased equipment for a total historical cost of $80,000. Rivera assigns the equipment a useful life of 10 years and a residual value of $5,000. Rivera uses the straight-line method for depreciation. On 1/1/2021, Rivera Company decides to sell its equipment for $56,000 cash. What amount of gain or loss will Rivera Company record on the date of the sale? If your answer is a gain, make it a positive number. If your answer is a loss, make it a negative number