DaySpringpurchases an asset for $19727. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. DaySpringhas a tax rate of 30%. The asset is sold at the end of six years for $3893.

Calculate the gain or loss on disposal.Gain should be entered as a positive number. Loss should be entered as a negative number.

Round the answer to two decimals.