On January 1, 2010, XYZ Company purchased a truck for $45,000. It was estimated the truck would be sold for $5,000 at the end of its four year useful life. However, XYZ sold the truck at the end of its second year of life for $22,000 cash.

What GAIN or LOSS will be recorded on XYZ's books for the sale transaction. Enter a GAIN as a positive number and a LOSS as a negative number.