Mateo's Mirrors Inc. had Net Income of $80,000 at 20X5 year-end, according to the company's audited financial statements. In 20X5, Mateo sold a parcel of land with a Net Book Value of $8,000 for proceeds of $11,000. The asset originally cost Mateo $9,500. Mateo is now wondering what adjustment(s), if any, need(s) to be made in his Schedule 1 reconciliation. He has already started off his reconciliation with Net Income per the Income Statement. What subsequent adjustment(s) should be made in 20X5