On January 1, 2024, Rooney Company acquired 37% of EIO Company's common stock for $188,000. EIO Company reported net income and paid dividends as follows: 2024 2025 Net income $107,000 $158,000 Total dividends paid $ 23,000 $ 36,000 Rooney Company sold one-half of its investment in EIO Company on December 31, 2025 for $94,000 cash. Calculate the amount of the loss reported by Rooney Company from the sale of the investment. Do not enter your answer with a minus sign in front of your number.

On January 1, 2024, Rooney Company acquired 37% of EI0 Company's common stock for $188,000. EIO Company reported net income and paid dividends as follows: Rooney Company sold one-half of its investment in EIO Company on December 31, 2025 for $94,000 cash. Calculate the amount of the loss reported by Rooney Company from the sale of the investment. Do not enter your answer with a minus sign in front of your number