Exercise 17-23 (Algorithmic) (LO. 3) Renata Corporation purchased equipment in 2019 for $324,600 and has taken $146,070 of regular MACRS depreciation. Renata Corporation sells the equipment in 2021 for $194,760. What is the amount and character of Renata's gain or loss? Renata Corporation has a gain of $ of which $ is treated as ordinary income due to 13