Jagger Company accounts for its $42\%$ investment in Richards Company using the equity method of accounting. The investment cost $$870,000$ on $1/1/$X$1.$ During X$1,$ Richards reported net income of $$450,000$ and paid total dividends of $$60,000$ during X$1.$ On December $31,20$X$1,$ Jagger sold its investment for $$980,000.$ What amount of gain or loss is on Jagger$$s income statement?