On January $2,2021,$ Shamrock Hospital purchased a $$106,500$ special radiology scanner from Beca Inc. The scanner has a useful life of five years and will have no disposal value at the end of its useful life. The straight$-$line method of depreciation is used on this scanner. Annual operating costs with this scanner are $$104,500.$

Approximately one year later, the hospital is approached by Windsor Technology salesperson Kimberly Young, who indicates that purchasing the scanner in $2021$ from Beca was a mistake. She points out that Windsor has a scanner that will save Shamrock Hospital $$25,700$ a year in operating expenses over its four$-$year useful life. She notes that the new scanner will cost $$120,400$ and has the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner will have no disposal value. Windsor agrees to buy the old scanner from Shamrock Hospital for $$61,100.$

$($a$)$

Assume Shamrock Hospital sells its old scanner on January $2,2022.$ Calculate the gain or loss on the sale.

If Shamrock Hospital sells its old scanner it incurs a of $

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