Light company purchased equipment for $210,000 on 7/1/21. The equipment was estimated to have a salvage value of $10,000, a life of five years and was depreciated using double declining balance method. On 1/1/23(after 1.5 years) light decided that the equipment no longer served its purpose and sold it for $75,000. How much of a gain or loss on the sale of equipment will ought recognize?