On January 2, 2021, Pharoah Hospital purchased a \$97,000 special radiology scanner from Foress 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 $105,100. Approximately one year later, the hospital is approached by Bridgeport Technology salesperson Sharon Lee, who indicates that purchasing the scanner in 2021 from Foress was a mistake. She points out that Bridgeport has a scanner that will save Pharoah Hospital $25,600 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. Bridgeport agrees to buy the old scanner from Pharoah Hospital for $60,800. (a) Assume Pharoah Hospital sells its old scanner on January 2, 2022. Calculate the gain or loss on the sale. If Pharoah Hospital sells its old scanner it incurs a of \$