3... Maria Co. has a machine that cost $820,000 on March 20, 2017. This old machine had an estimated life of ten years and a salvage value of $30,000. On December 23, 2021, the old machine is exchanged for a new machine with a fair value of $531,000. The exchange lacked commercial substance. Maria also received $59,000 cash. Assume that the last fiscal period ended on December 31, 2020, and that straight-line depreciation is used. (a) Show the calculation of the amount of gain or loss to be recognized by Maria Co. from the exchange. (Round answer to 0 decimal places, e.g. 1,215.) v recognized $