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Mark for follow up Question 7 of 75 In January 2017 Gracy purchased and placed into service a $20.000 piece of equipment for exclusive use in her business. Since then, she claimed 8.000 Section 17 deduction and 58,654 MACRS depreciation, including 2018 depreciation. She sold the equipment in November 2018 for 37.000. What is the amount and type of gain or loss, and where on Form 4797 does Gracy report the sale? O $348 Section 1231 loss, Parti O 5348 Section 123 gain, Parti 5.340 Section 1245, Part I 5340 Section 1245 gain, Part It SUBARU SUBARU CORPORATION Subaru of America, the One Subaru Drive Camden, NJ 08103-9000 MSASM2122A 01107BE-A Issued April 2020 Pewted in USA 04/20 2021A Mark for follow up Question 7 of 75 In January 2017 Gracy purchased and placed into service a $20.000 piece of equipment for exclusive use in her business. Since then, she claimed 8.000 Section 17 deduction and 58,654 MACRS depreciation, including 2018 depreciation. She sold the equipment in November 2018 for 37.000. What is the amount and type of gain or loss, and where on Form 4797 does Gracy report the sale? O $348 Section 1231 loss, Parti O 5348 Section 123 gain, Parti 5.340 Section 1245, Part I 5340 Section 1245 gain, Part It SUBARU SUBARU CORPORATION Subaru of America, the One Subaru Drive Camden, NJ 08103-9000 MSASM2122A 01107BE-A Issued April 2020 Pewted in USA 04/20 2021A