3.In year 0, Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3, Longworth sold the machine for $34,000. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $22,000. What is the amount of the 1231 gain (loss) Longworth will recognize on the sale?

4.In year 0, Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3, Longworth sold the machine for $44,000. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $22,000. What is the amount of the 1231 gain (loss) Longworth will recognize on the sale?

5.In year 0, Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3, Longworth sold the machine for $16,000. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $22,000. What is the amount of the 1231 gain (loss) Longworth will recognize on the sale?