Smith's Auto Yard purchased equipment on January $1,2024,$ for $ $37,829.$ Suppose Smith's Auto Yard sold the equipment for $ $28,000$ on December $31,2026.$ Accumulated Depreciation as of December $31,2026,$ was $ $20,634.$ Journalize the sale of the$$ equipment, assuming$$ straight$-$line depreciation was used.

$$First$,$ calculate any gain or loss on the disposal of the equipment.