The Patel Corporation purchased some equipment on June 1st for $27,300 and expects that it will be useful for ten years at which time it could be sold for $3,900. The company used the equipment for the rest of the current year and an additional four years after that. If the equipment were sold for $14,000 at that point, what amount of gain or loss would the company report on the sale? Use a positive number to indicate a gain or a negative number to indicate a loss.