On January 2, 2019, Adelphi Company purchased a patent for $235,000 plus $9,000 in legal fees. On that date, the patent had a remaining legal life of 13 years. Adelphi Company expects to use the patent for 5 years after which time it will be worthless. How much is the annual amortization expense for 2019? Round to nearest whole dollar.

Bowie Company uses a calendar year and the straight line depreciation method. On December 31, 2018, after adjusting entries were posted, Bowie Company sold a machine which was originally purchased on January 1, 2015. The historical cost was $22,500, the salvage value assumed was $1,000 and the original estimated life was five years.. It was sold for $5,400 cash. Using this information, how much should be recorded on December 31 for the Gain or (Loss)? Round to whole dollars.