In January 2014, Sue purchased and placed into service a $20,000 piece of equipment for exclusive use in her business. since then, she claimed a $6,000 Section 179 deduction and $6,654 MACRS depreciation. she sold the equipment in November 2015 for $7,000. What is the amount and type of gain or loss, and where on Form 4797 does Sue report this sale? A. $346 1231 loss, Part 1, B. $346 1231 gain, Part 1, C. $346 1245 loss, Part III, D. $346 1245 gain, Part III