Pharoah Company had the following assets on January 1, 2022. Item Useful Life (in years) Purchase Date Salvage Value $0 Jan. 1, 2012 10 Machinery Forklift Truck Cost $76,680 32,400 36,072 Jan. 1, 2019 5 0 Jan. 1, 2017 8 3,240 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,960. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for each asset from January 1, 2022, to disposal date.) Item Gain or Loss Amount Machinery Truck $