In year $0,$ Longworth Partnership purchased a machine for $$43,000$ to use in its business. In year $3,$ Longworth sold the machine for $$35,900.$ Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $$28,600.$

Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.

Problem $11-41$ Part$-$c $($Algo$)$

c$.$ What are the amount and character of the gain or loss Longworth will recognize on the sale if the sale proceeds are decreased to $$11,700?$