In 2018, an automobile manufacturer organized as a corporation sold a machine used in its assembly line to another company for $520,000. The company had originally purchased the machine in 2015 for $500,000. At the date that the company sold the machine, the machine had accumulated depreciation equal to $150,000.

What is the total amount of the gain (or loss) the company will recognize on the sale of the machine before determining any information about the character of the gain (or loss)?