On April 1, 2017, Pharoah Company received a condemnation award of $567,600 cash as compensation for the forced sale of the companys land and building, which stood in the path of a new state highway. The land and building cost $79,200 and $369,600, respectively, when they were acquired. At April 1, 2017, the accumulated depreciation relating to the building amounted to $211,200. On August 1, 2017, Pharoah purchased a piece of replacement property for cash. The new land cost $118,800, and the new building cost $528,000.

How do I calculate the gain on disposal of plant assets?