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4. The following assets in Bo Peep's business were sold in 2018: Asset Office Equipment ATV Stock (capital asset) Holding Period 6 years 8 months

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4. The following assets in Bo Peep's business were sold in 2018: Asset Office Equipment ATV Stock (capital asset) Holding Period 6 years 8 months 2 years Cost $8,000 $2,000 $1,800 Sales Price $1,100 $1,200 $3,200 The office equipment had been fully depreciated. What amount of net capital gain and or ordinary income should Bo Peep report? (15 points)

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