April sold machinery, which it used in its business, to Jackson, a related entity, for $40,100. Jackson used the machinery in its business. April bought the equipment a few years ago for $49,900 and has claimed $30,100 of depreciation expense. What is the amount and character of April's gain? 01$20,300 capital gain. $30,100 ordinary gain 03 $10,000 ordinary gain and $10,300 91231 gain, $20,300 ordinary income under $1239. 02. 04