Problem 8-6 Calculation of Gain or Loss, Section 1231 Gains and Losses (LO 8.3, 8.6) Nadia Shalom has the following transactions during the year: Sale of office equipment on March 15 that cost $19,000 when purchased on July 1, 2015. Nadia has claimed $3,000 in depreciation and sells the asset for $13,000 with no selling costs. Sale of land on April 19 for $124,000. The land cost $132,000 when purchased on February 1, 2006. Nadia's selling costs are $6,000. Assume there were no capital improvements on either business asset sold. Nadia's Social Security number is 924-56-5783. Complete Form 4797 (page 1) to report the above gains or losses. Enter all amounts as positive numbers unless there is a "loss". If required, enter a "loss" as a negative number on the tax form. If an amount is zero, enter "0".