Reversing Rapids Co. purchases an asset for $167,620. This asset qualifies as a five-year recovery asset under MACRS.

The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%.

The asset is sold at the end of year 4 for $13,380, what is the cash flow from disposal?

Calculate gain or loss on disposal. Gain should be entered as a positive number. Loss should be entered as a negative number.

Round the answer to two decimals.