A company purchased equipment for $480,000 on 01/01/X1. Assume straight-line depreciation method, a 7 year estimated useful life. and $32.000 estimated residual value. On 03/31/X4, the company sold the equipment for $295,150. What is the amount of depreciation expense reported for 20X4, if any? (Enter your answer rounded to the nearest whole dollar, as applicable. Do not include any words or signs in your answer; enter number only. If none, enter "O") Was there a gain or a loss or neither on the sale of the equipment? Type one word as your answer: type the word "gain" or the word "loss" or the word "neither". (Do not include quotation marks) What is the amount of the gain or loss, if any? (Do not include any words or signs in your answer; enter number only, as applicable. If neither, enter "O")