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Question 14/of 50 Jewel purchased a van for $16,000 to use exclusively in her delivery business. She sold it four months later in the same

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Question 14/of 50 Jewel purchased a van for $16,000 to use exclusively in her delivery business. She sold it four months later in the same year for $12,500. What is the amount of gain or loss, and where on Form 4797 does Jewel report the sale? O $1,900 loss, Part I. O $3,500 gain, Part II. O $3,500 loss, Part II. O $3,500 loss. Part bss. Part i Mark for follow up

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