Exercise 17-21 (Algorithmic) (LO. 1) Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $49,000 with an adjusted basis of $29,400 for $32,340. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $14,700 for $9,555. What are the tax consequences of these tax transactions? Lena has Lena has of $ from the sale of the first equipment. of $ from the sale of the second equipment.