China Inn and Midwest Chicken exchanged assets. Midwest Chicken received restaurant equipment and gave delivery equipment. The fair value and book value of the delivery equipment given were $27 , 400 and $29 , 200 (original cost of $34 , 600 less accumulated depreciation of $5 , 400 ) , respectively. To equalize market values of the exchanged assets, Midwest Chicken received $8 , 400 in cash from China Inn. Record the gain or loss for Midwest Chicken on the exchange of the equipment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) .