On September 29, 2015, Tripper sold rental property for $230,000. Five percent of the sales price was allocated to the furnishings. Tripper originally purchased the home (a condominium) in 1992, and uses it as his main home. He paid $160,000 for the home and spent $35,000 on its furnishings. From 1992-2008, Tripper made improvements to the home totaling $34,000. On March 4, 2009, he converted the home to rental property. The fair market value (FMV) of the home itself at the time of the conversion was $182,000. The FMV of the furnishings were $5,000. Tripper used MACRS to depreciate both the condo and its furnishings. This was the only depreciable property Tripper placed in service during 2009. Compute Tripper s recognized gain or loss on the sale of the home and on the sale of its furnishings