Please answer these in short answer form

1. A business machine purchased April 10, 2015, for $62,000 was fully depreciated in 2015 using 179 immediate expensing. On August 15, 2019, the sole proprietor who owned the machine gave it to his son. On that date, the machines fair market value was $57,000. The son did not use the machine in business or hold it as inventory and the machine was sold on November 22, 2019, for $53,000.

State the sons amount and nature of the gain or loss from sale of the machine (1. Amount of gain/loss, and 2. Nature/character of gain/loss, (e.g., capital, 1231 gain/loss, or ordinary)).