On January 1, 20X9, Alexander Company purchased equipment for $100, with a salvage value of $20. The equipment has a useful life of 10 years and is depreciated using the straight-line method of depreciation. After 9 complete years of owning the equipment, the company decides to sell it to another firm for $18.

What effect would the disposal of the asset have on the companys income statement? Note: Clearly specify whether the transaction increased or decreased net income, and by what amount. If the transaction decreased net income please indicate this using a negative number.