Bowie Company uses a calendar year and the straight line depreciation method.On December 31, 2018, after adjusting entries were posted, Bowie Company sold a machine which was originally purchased on January 1, 2015. The historical cost was $20,000, the salvage value assumed was $2,000 and the original estimated life was five years..It was sold for $5,800 cash. Using this information, how much should be recorded on December31 for theGain or (Loss)?Round to whole dollars.