Frank Willingham has the following transactions during the year:

1. Sale of office equipment on March 15 that cost $78,200 when purchased on July 1, 2017. Frank has claimed $15,640 in depreciation and sells the asset for $46,920 with no selling costs.

2.Sale of land on April 19 for $166,800. The land cost $183,480 when purchased on February 1, 2008. Frank's selling costs are $33,360.

Assume there were no capital improvements on either business asset sold. Frank's Social Security number is 924-56-5783.

Complete Form 4797 to report the above gains or losses.

Find Cost or other basis, plus improvements and expense of sale of office equipment and land