Monarch exchanged its old equipment for new equipment which resulted in a $35,000 gain. The fair value of the new equipment is $270,000. Monarch also received $30,000 cash on the exchange. The fair value of the old equipment was $303,000. If the transaction does not have commercial substance, what is the amount of the gain, if any, that Monarch can recognize? (Do not include $ signs, commas or decimals in your answer.)