Crane Ltd$.$ has a December $31$ year end. On April $2,2024,$ Crane purchased a piece of equipment at a cost of $$266,000.$ Crane's management estimated that this piece of equipment would have a useful life of five years and a residual value of $$38,000.$ Crane uses the straight$-$line method for depreciating its manufacturing equipment.

If Crane sold the piece of equipment on June $30,2026,$ for $$147,400,$ what amount of gain or loss would have to be record?

The amount of $\_\_\_\_\_$ on disposal $$\_\_\_\_\_.$