Problem 11-41 (LO 11-3, LO 11-4) (Algo) [The following information applies to the questions displayed below.] In year 0, Longworth Partnership purchased a machine for $60,750 to use in its business. In year 3, Longworth sold the machine for $38,900. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $24,100 Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Problem 11-41 Part-c (Algo) What are the amount and character of the gain or loss Longworth will recognize on the sale if the sale proceeds are decreased to \$22,200? Answer is complete but not entirely correct