Scrooge exchanged his old business auto at Bob's Auto Dealership. Scrooge wanted to show that he had no hard feelings for Bob leaving his business to start out on his own. Scrooge's old auto cost $32,000 and had a book value of $20,000, and a FMV of $ 23,000. He could have paid cash of $40,000 and not traded his auto in. He decided that he would trade and paid Bob $24,000 and his old auto. The new auto listed for $44,000. What amount of loss or gain did Scrooge have upon his trade-in with Bob?