ABC purchases a piece of equipment of January 1, 2016. The cost of the equipment is $46,000. The company expects to use the equipment for 6 years and that the salvage value at the end of 6 years will be $16,000. After 2 years, the company sells the equipment for $35,000. Given that ABC uses the straight line method for calculating depreciation expense, what is the gain/(loss) on the sale of the equipment after 2 years?