On August 1 of year 0, Dirksen purchased a machine for $28,250 to use in its business. On December 4 of year 0, Dirksen sold the machine for $22,500. (Use MACRS Table.) (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Leave no answer blank. Enter zero if applicable.)

b-What is the amount and character of the gain or loss Dirksen will recognize on the sale if the machine was sold on January 15 of year 1 instead?

Total Gain/(Loss) Recognized: ___________ Character of Recognized Gain/(Loss): Ordinary Gain/(Loss):____________ 1231 gain/(loss):_______________