Bowie Company uses a calendar year and the straight line depreciation method. On December 31, 2018, after
adjusting entries were posted, Bowie Company sold a machine which was originally purchased on January 1, 2015. The historical cost was $21,000, the salvage value assumed was $1,500 and the original estimated life was five years.. It was sold for $4,200 cash. Using this information, how much should be recorded on December 31 for the Gain or (Loss)? Round to whole dollars.