Question 29 (2.22 points) The following assets were sold by Camping Tools during the current year. What is their net 1231 gain or loss resulting from these sales? Gain or (loss) Accumulated depreciation Inventory sales $50,000 Machinery $20,000 $5,000 Investment Land $75,000 Equipment ($80,000) loss $10,000 A) None of the above OB) $65,000 Net 1231 loss C) $60,000 Net 1231 loss D) $10,000 Net 1231 gain