At the beginning of last year (2021), Richter Condos installed a mechanized elevator for its tenants. The owner of the company, Ron Richter, recently returnod from an industry equipment extibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride. and cost efficiency. Upon returning from the exhibitiont he asked his purchasing agent to collect price and operating cast datar on the ricw elevator, In addition; he asked the compary's accountant to provide him with cost data on the compary's elevator. This information is presented here. Annual revenues are $241,000, and selling and administrative copenses are $28,000, regardiess of which elivator is used if the ofd elevator is replaced now, at the beginning of 2022, Richter Condos will be able to sell it for $26,000 (a) Determine arry gain or loss if the old elevator is replaced