$42.$ Umair sold some equipment he used in his business on August $29,2023,$ that was originally purchased for $$65,000$ on November $21,2021.$ The equipment was depreciated using the seven$-$year MACRS method for a total of $ $17,249.$Assume there is no additional netting of gains and losses for this taxpayer.a$.$ Assume Umair sold the equipment for $$44,000$:$(1)$ What is the amount of realized gain or loss on the sale of the equipment?$(2)$ Is the nature of the gain or loss considered ordinary or long$-$term?