Butte sold a machine to a machine dealer for $50,900. Butte bought the machine for $54,100 several years ago and has claimed $12,050 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss? None of the choices are correct. $8,850, $1231 loss $8,850, ordinary gain $3,200, $1231 loss $8,850, capital gain