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XYZ Company purchased a new machine on January 1, 2023 for $149,800. The machine had an $7,600 salvage value assigned to it. The 8-year life

XYZ Company purchased a new machine on January 1, 2023 for $149,800. The machine had an $7,600 salvage value assigned to it. The 8-year life and a machine is being depreciated using the sum-of-the-years'-digits method XYZ Company sold the machine on December 31, 2025 for $20,000. Calculate the amount of the loss on the sale of the machine recorded by XYZ Company. Do not enter your answer with a minus sign in front of it

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