Mason Company purchased a new machine on January 1, 2024 for $225,000. On this date, the machine was estimated to have a life of ten years and a residual value of $8,000. The company will depreciate the machine using the double-declining balance method. On January 1, 2027, the life of the machine was changed from ten years to nineteen years. On December 31, 2028, the machine was sold for $60,000 cash. Calculate the amount of the loss recorded on the sale. Do not enter your answer with a minus sign in front of your number