Calvin Corporation's office was burglarized. The thieves stole 10 laptop computers and other electronic equipment. The lost assets had an original cost of $35,000 and accumulated tax depreciation of $19,400. Calvin recelved an insurance reimbursement of $10,000 related to the theft loss. Required: Determine the amount and character of gain or loss recognized as a result of this theft. Note: Enter a loss with a minus sign