On January 3, 2024, a company purchased a patent for $489,000 to manufacture a new type of chair. The patent has a remaining legal life of 12 years. The company plans to manufacture the chair for eight years and then sell the patent for $63,000. The company amortizes intangible assets using the straight-line method. On December 29, 2026, the company decides to sell the patent for $358,000. Assuming the company has a December 31 year-end, what is the gain or loss reported on the sale of the patent?