Larry is the sole proprietor of a trampoline shop. During 2015, the following transactions occurred.

A truck used to deliver trampolines was sold on January 2 for $3,500. The truck was purchased on January 2, 2011, for $6,000. On the date of sale, the adjusted basis was zero.

?There is a (gain or loss) of (?$?) and that is treated as (1231loss/1231gain/ordinary income)???