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Renner Company sold land to its parent company, Bethany Enterprises, on June 1, 2020. The selling price was $218,000. The land initially cost Renner $239,000.

Renner Company sold land to its parent company, Bethany Enterprises, on June 1, 2020. The selling price was $218,000. The land initially cost Renner $239,000. Renner reported a net income of $400,000 and

$496,000 for 2020 and 2021, respectively. Bethany sold the land she bought from Renner for $228,000 in 2022.

What is the consolidated amount of gain or loss from the sale of the land for 2022?

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