Any help would be greatly appreciated!

Franco converted a building from personal to business use in May 2016 when the fair market value was $67,500. He purchased the building in July 2013 for $108,000. On December 15 of this year, Franco sells the building for $54,000. On the date of sale, the accumulated depreciation on the building was $6,815. What is Franco's recognized gain or loss on the sale? Gain recognized Loss recognized