Gerard has a 60% interest in the capital and profits of Sly Partnership. He also owns a 65% interest in the capital and profits of Brice Partnership. On February 5, 2014, Sly Partnership sold land to Brice Partnership for $35,000. At the time of the sale, the land had an adjusted basis to Sly Partnership of $40,000. What is the amount of loss that Sly Partnership can recognize in 2014?