On November 4, 2020, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2020 and 2021, respectively, Blue deducted $642 and $5,128 of cost recovery. These amounts were incorrect; Blue applied the wrong percentages (i.e., those for 39-year rather than 27.5-year assets). Blue should have taken $910 and $7,272 cost recovery in 2020 and 2021, respectively.

On January 1, 2022, the asset was sold for $180,000. Calculate the gain or loss on the sale of the asset for that year.