Nora sold a piece of equipment to Adelyn on January 1, 2019. Adelyn agreed to pay $130,000 for the equipment and assumed a $8,000 liability on the equipment. Nora incurred selling expenses of $2,000 on the sale.

Nora bought the equipment in 2017 for $180,000. Depreciation of $70,000 has been taken on the equipment. Nora performed routine maintenance on the equipment over the years of $9,000 and added a hydraulic lift to the equipment for $14,000.

compute Noras realized gain or loss.

Answer: (please show detailed calculations)