Jones Industries is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $162,000 $272,000 Accumulated depreciation 64,800 -O- Annual operating costs 216,000 189,000 If the old equipment is replaced now, it can be sold for $44,500. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The company uses straight-line depreciation with a zero-salvage value for all of its assets. The net income (loss) of replacing the old equipment with the new equipment is what? Show your work