Nirvana Company traded in an automatic pressing machine for a manual pressing machine owned by Dodson Company. These machines have similar future cash flows. Nirvana's old machine cost $355,114 and had a net book value of $183,652. The old machine had a fair value of $187,301. They received $50,679 boot in the deal. (Note: *lf the amount of cash exchanged is 25% or more of the FV of the exchange, both parties recognize entire gain or loss)

What is the amount of gain or loss from this transaction? If you calculate a loss, use a minus sign, i.e. -8,000. If you determine the gain or loss can't be recognized, enter zero. Round any percentages used to two decimal places, i.e. 56.78%.