On June 1, 2025, ABC Company purchased land, some machinery, and a truck for $245,000. The information below relates to the property purchased: Before the property could be used, ABC Company had to spend $8,300 to put the machinery in working condition. Information related to depreciation of the machinery and truck is given below: The machinery was sold on October 1,2030 for $20,000 cash. Calculate the amount of the loss recorded on the sale of the machinery. Do not enter your answer with a minus sign in front of your number