Lundstrom Ltd. (LL) has a December 31 year end. The company purchased a piece of equipment on June 22, 2020, at a cost of $432,300. LL's management estimated that this piece of equipment would have a useful life of 5 years and a residual value of $30,300. LL uses the straight-line method for depreciating its manufacturing equipment. If LL sold the equipment on May 28, 2023, for $164,400, what amount of the gain or loss would have to be recorded?