Exercise 17-24 (Algorithmic) (LO. 3) Jacob purchased business equipment for $89,100 in 2017 and has taken $53,460 of regular MACRS depreciation. Jacob sells the equipment in 2020 for $40,095. What is the amount and character of Jacob's gain or loss? If an amount is zero, enter "O". Jacob has 1245 gain of $ and 1231 gain of $