Sylvan Manufacturing disposed of equipment that had been used in the business for six years. The equipment originally cost $65,000 and had associated accumulated depreciation of $45,000. Calculate the gain or loss on the disposal of the equipment for each of the following situations:

1. The company sold the equipment to a scrap yard for $10,000.

2. The company sold the equipment to a competitor for $23,525.

3. The company called the city trash collectors to pick up the equipment because it was totally worthless.