Nadia Shalom has the following transactions during the year:

Sale of office equipment on March 15 that cost $20,000 when purchased on July 1, 2017. Nadia has claimed $3,100 in depreciation and sells the asset for $13,500 with no selling costs.

Sale of land on April 19 for $125,000. The land cost $132,500 when purchased on February 1, 2008. Nadia’s selling costs are $6,500.

Assume there were no capital improvements on either business asset sold. Nadia’s Social Security number is 924-56-5783. Complete Form 4797 on Pages 8-45 and 8-46 to report the above gains or losses.