Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $37,800 with an adjusted basis of $22,680 for $24,948. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $11,340 for $7,371. What are the tax consequences of these tax transactions? Lena has an ordinary gain Lena has a 1231 loss of $ of $ X from the sale of the first equipment. X from the sale of the second equipment.