1. The following assets were sold by DNC Company during the 2021 fiscal year. The company's year end is December 31.

Asset	Vehicle	Computer	Furniture
Original cost	$ 60,000	$ 8,000	$ 18,000
Accumulated depreciation (January 1, 2021)	$ 35,000	$ 7,000	$ 7,000
Depreciation method	Diminishing-balance	Straight-line	Straight-line
Depreciation rate / years remaining	25%	2 years	8 years
Estimated residual value	not applicable	not applicable	not applicable
Selling price	$ 22,500	$ 708	$ 14,000
Date of sale in 2021	April 1	August 1	October 31

2. Instructions Compute the gain or loss on disposal for each asset sold and prepare any necessary journal entries to record the disposals for DNC. (Round your answers to the nearest dollar)