East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $610,000. Originally, East Mill acquired the pizza ovens at a cost of $811,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $51,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria.

3. What is the gain or loss on the sale of the ovens at the end of the second year?