4. Greg sold some equipment for $72,510 on June 13, 2014. Greg had originally purchased the equipment for $86,750 on November 21, 2013. The equipment was subject to depreciation of $17,350. What gain or loss will Greg recognize on the sale? (Points : 1)

$3,110 ordinary gain.

$3,110 capital gain.

$8,250 capital loss.

$8,250 ordinary loss.