Penington Company purchased equipment on January 1,2024 , for $33,000. Suppose Penington Company sold the equipment for $9,000 on December 31, 2025. Accumulated Depreciation as of December 31,2025 , was $16,000. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the sale of the equipment. (Enter a loss with a minus sign or parentheses.)