On April $1,2020,$ Republic Company sold equipment to its wholly owned subsidiary, Barre Corporation, for $$40,000.$ At the time of the transfer, the asset had an original cost $($to Republic$)$ of $$60,000$ and accumulated depreciation of $$25,000.$ The equipment has a five year estimated remaining life.

Barre reported net income of $$250,000,$ $$270,000$ and $$310,000$ in $2020,2021,$ and $2022,$ respectively. Republic received dividends from Barre of $$90,000,$ $$105,000$ and $$120,000$ for $2020,2021,$ and $2022,$ respectively.

What is the consolidated amount of gain or loss on sale of land for $2022?$

$$4,000$

$2021$:

$$19,400$

$$

$2021$:

$$6,000$

$2022$:

$$21,500$

$$

$2022$:

$$8,000$

Martindale's profit numbers were $$125,000,$ $$142,000$ and $$265,000$ for $2020,2021,$ and $20$