The Tanaka Corporation purchased some new, specialized equipment for its manufacturing plant on May 1, 2017 for $406,240 and expects to use it for 8 years at which time it can be sold for an estimated $28,000. The company sold the equipment for $235,000 on December 31, 2020. What amount of gain (or loss) would the company record as a result of the sale? Use a positive number to indicate a gain or a negative number to indicate a loss.