On August 1, 2024, Tiger Company purchased land, a building, and some equipment for $167,000. The following, information is available concerning the property purchased: Before the property could be used, Tiger Company had to spend $8,500 to put the equipment in working order. The equipment was estimated to have a life of eleven years and a residual value of $2,300. Assume Tiger Company uses the straight-line depreciation method to record depreciation on its assets. On April 1, 2030, the equipment was sold for $12,000 cash. Calculate the amount of the loss recorded on the sale. Do not enter your answer with a minus sign in front of your number