Help Please!

At the beginning of last year (2026), Richter Condos installed a mechanized elevator for its tenants. The owner of the company, Jason Richter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride, and cost efficiency. Upon returning from the exhibition, he asked his purchasing agent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's elevator. This information is presented here. Annual revenues are $240,000, and seling and administrative expenses are $29,000, regardess of which elevator is used. If the old elevator is replaced now, at the beginning of 2027 . Richter Condos will be able to sell it for $24.700. Determine any gain or loss if the old elevator is replaced