On June 11, two years ago, George sold equipment with a cost of $20,000 for $45,000. George collected $20,000 initially and is scheduled to receive $5,000 each year for five years starting last year plus an acceptable rate of interest. This year, George decided to sell one installment note to a bank that agreed to pay $4,300. As a result of the sale of the note, how much income or loss will George report on his tax return?