On January 1, 2021, Smeder Company, an 80% owned subsidiary of Collins, Inc., transferred equipment with a 10-year life (five of which remain with no salvage value) to Collins in exchange for $90,000 cash. At the date of transfer, Smeders records carried the equipment at a cost of $130,000 less accumulated depreciation of $60,000. Straight-line depreciation is used. Smeder reported net income of $38,000 and $52,000 for 2021 and 2022, respectively. All net income effects of the intra-entity transfer are attributed to the seller for consolidation purposes. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what amount of this gain should be recognized for consolidation purposes for the year 2022