Sandhill Co. had the following assets on January 1, 2022. Item Machinery Forklift Truck Cost $65,320 Purchase Date Useful Life (in years) Jan. 1, 2012 10 Salvage Value $0 27.600 30,728 Jan. 1, 2019 5 Jan. 1, 2017 8 0 2,760 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 $11,040. 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 Machinery Forklift Truck Gain or Loss Amount $ $