China Inn and Midwest Chicken exchanged assets. Midwest Chicken received restaurant equipment and gave divery equipment. The fair value and book value of the delivery equipment given were $$21,600$ and $$25,800($original cost of $$30,400$ less accumulated depreciation of $$4,600),$ respectively. To equalize market values of the exchanged assets, Midwest Chicken received $$7,100$ in cash from China Inn.

Record the gain or loss for Midwest Chicken on the exchange of the equipment. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$