Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $615,000. The estimated residual value of the equipment was $59,000 and the group depreciation rate was determined to be 12%.

What is the annual depreciation for the group? If equipment that cost $61,000 is sold in 2022 for $54,000, what amount of gain or loss will the company recognize for the sale?