An asset was acquired on August $1,2024,$ for $$35,000$ with an estimated five$-$year life and $$4,400$ residual value. The company uses straight$-$line depreciation. The company calculates partial$-$year depreciation based on the number of months the asset is in service. What is the gain or loss if the asset was sold for $$20,000$ on April $30,2026?$