A company owns a private jet that originally cost $1,500,000. It has recorded straightline depreciation on the plane for eight full years, calculated assuming a $200,000 expected salvage value at the end of its estimated 10year useful life. The company sells the plane at the end of the eighth year for $235,000.

Calculate the gain or loss on the sale of the plane. (Round your answer to the nearest whole number. If a loss, type a minus sign - at the beginning of your answer; do not include a space after the minus sign. Do not include a $ sign.)