ABC Limited accounting year ends on 30 June. Selected accounts for ABC limited at 30 June 2019 were as follows: Equipment $30 000 Less: Accumulated Depreciation Equipment 9 800 On April 1, 2020, ABC limited sold the equipment for $24,000 cash. The equipment is depreciated on a straight-line basis. Its expected residual value is $3,000 with a 5-year expected life. The gain or loss from selling the equipment is