Check my work 2 Required information The following information applies to the questions displayed below In year O, Canon purchased a machine to use in its business for $56,000, In year 3, Canon sold Part 1 of 4 the machine for $42,000. Between the date of the purchase and the date of the sale, Canon 0.25 points depreclated the machine by $32,000. (Loss amounts should be indicated by a minus sign Leave no answer blank. Enter zero if applicable.) a. What is the amount and character of the gain or loss Canon will recognize on the sale, assuming that it is a Prex2 3 4 5 of 3E Next > MacBook Air