On June $1,2025,$ ABC Company purchased land, some machinery,

and a truck for $$245,000.$ The information below relates to

the property purchased:

Before the property could be used, ABC Company had to spend

$$8,300$ to put the machinery in working condition.

Information related to depreciation of the machinery and truck

is given below:

The machinery was sold on October $1,2030$ for $$20,000$ cash.

Calculate the amount of the loss recorded on the sale of the

machinery. Do not enter your answer with a minus sign in front

of your number.