On January 1, 2025, Fa7-04g Company paid $380,000 to purchase land, a building, and some equipment. The market values of these assets on that date were: land $100,000; building $160,000; equipment $140,000. Before the property could be used, Fa7-04q Company had to spend $11,000 to put the equipment in working order. The building was assigned a $4,160 salvage value and a useful life of twenty years. F07-049 Company will use the straight-line depreciotion method to record depreciation on the building, On September 1, 2031, Fa7-04q Company sold the building for $63,870 cash. Calculate the amount of the loss recorded on the sale of the building