Melissa acquires and places in service business equipment (a 5-year class asset) on Arpil 1, 2021, at a cost of $1,130,000. It is the only asset she places in service 2021. Under $ 179, she elects to deduct $1,050,000 of the asset's cost in 2021 and elects not to take additional first-year depreciation. She sells the asset in 2022 for $53,000. Determine the tax consequences in 2022. This sale result in a gain or loss? Determine the amount of gain or loss (enter the absolute number). (Round final answer to the nearest whole number)