Sunland Ltd. has a December 31 year end. On April 2, 2024, Sunland purchased a piece of equipment at a cost of $274,000. Sunlands management estimated that this piece of equipment would have a useful life of five years and a residual value of $34,000. Sunland uses the straight-line method for depreciating its manufacturing equipment. If Sunland sold the piece of equipment on June 30, 2026, for $151,000, what amount of gain or loss would have to be recorded?

The amount of _________ (gain/loss) on disposal

$___________