ABC Corp exchanged equipment used in its manufacturing operations for a similar equipment and also paid $3,339 in cash as consideration for the exchange. The original cost of the equipment was $55,657, accumulated depreciation at the time of exchange was $34,781, and the fair value of equipment at the time of exchange was $27,823. Assuming the exchange was determined to have commercial substance, what was the gain or loss on disposal of the existing equipment in this exchange?