96. Brandy sold a rental house that she owned for $150,000. Brandy bought the house four years ago for $140,000 and has claimed $25,000 of depreciation expense. What is the amount and character of Brandy's gain or loss? 10 97. Silver sold machinery to Gold, a related entity, which it used in its business for $55,000. Silver bought the equipment a few years ago for $50,000 and has claimed $15,000 of depreciation expense. What is the amount and character of Silver's gain? 98. Andrew, an individual, began business four years ago and has never sold a 1231 asset. Andrew owned each of the assets for several years. In the current year, Andrew sold the following business assets: Accumulated Asset Machinery Original Cost Depreciation Gain/Loss $12,000 $7,000 $6,000 Furniture 10,000 2,000 3,000 Building 90,000 20,000 (5,000) Assuming Andrew's marginal ordinary income tax rate is 30 percent, what is the character of the gains and losses and what affect do they have on Andrew's tax liability?