Chewbacca has agricultural machinery used exclusively for business. Chewbacca purchased the machinery for $285,000 and placed it into service on May 25, 2017. After using the machinery exclusively for business, he sold the machinery on February 1, 2019 for $93,000. Assuming he elected the maximum bonus depreciation in 2017:

What is Chewbacca's realized gain or loss?

What is the character of Chewbacca's realized gain or loss?