On 31 March 2019 dixies business traded-in a machine a Z-15modelwhich it had originally purchased on 1 April 2016 for 19,000. Dixie had depreciated the Z-15 at 10% per annum using the straight-line method. Dixie part-exchanged the Z-15 for a newer model (the Z-18). The vendor's list price for the Z-18 was 32,000 but Dixie only paid 20,000 plus the trade-in in full settlement.

Required: What was the profit or loss on the disposal of the Z-15 in Dixie's Income Statement for the financial year to 31 March 2019?