Gordon is the sole proprietor of Fashion Flowers & Florals (FFF). During the current year, one of FFF's delivery vans is involved in an automobile accident. The van has a basis of $6,000. Enter the amount of FFF's allowable casualty loss deduction under each of the following situations.

a. A comparable van sells for $4,000. After the accident, the insurance adjuster estimates the van was worth $1,500. The insurance company pays FFF $1,200 on the casualty. $fill in the

_______

b. A comparable van sells for $8,400. After the accident, the insurance adjuster estimates the value of the van at $1,500. The insurance company pays FFF $1,200 on the casualty. _______