In year 0, Longworth Partnership purchased a machine for $45,250 to use in its business. In year 3, Longworth sold the machine for $40,100. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $25,300. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

c. What is the amount and character of the gain or loss Longworth will recognize on the sale if the sale proceeds are decreased to $15,900 (before the 1231 netting process, if applicable)?