Donald owns Tamarisk Company (TC) specializing in manufacturing colonoscopy equipment. In the current year, TC sold a machine for $31,000. TC had purchased the machine in 2020 for $38,000 and deducted depreciation expense of $26,000. (a) What is the amount and character of the gain/loss? (Enter loss with either a sign e.g. 15,000 or in parenthesis e.g. (15,000). eTextbook and Media Attempts: 1 of 3 used (b) What if the machine was sold for $43,000 ? (Enter loss with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)