On June 13, 2018, Jane received $160,000 for the sale of business equipment that she purchased in 2013 for $290,000. On the date of the sale, the balance in the equipment's accumulated depreciation account was $110,000. Jane recognizes a:

Question 4 options:

1)	$20,000 Section 1231 loss.

2)	$20,000 Section 1245 loss.

3)	$130,000 Section 1231 loss.

4)	$130,000 Section 1245 loss.

5)	None of the above.