ABC Company purchased a new piece of equipment on January 1, 2018. The equipment cost $95,000 and was assigned a life of 8 years and a $8,000 residual value. The equipment was to be depreciated using the straight-line method. ABC Company sold the equipment on December 31, 2021 for $5,000 cash.

Calculate the amount of the loss recorded on the sale of the equipment. Do not enter your answer with a minus sign in front of the number.