Frozen Ltd purchased machinery on 1 July 2011 for $384,000.The machinery is expected to have a useful life of 14 years and a residual value of $68,000.The firm accounts for the machinery using the revaluation model.The fair value of the machinery on 30 June 2012 is $530,000.The machinery was sold for $463,000 cash on 31 December 2013.No revisions are made to the useful life and residual value at the time of the revaluations.

Calculate and enter the amount of gain on sale or loss on sale of machinery in the answer block below: (please use negative sign for loss on sale)