Question 4 0.25 pts Bob owned equipment that he used in his business. Bob purchased the equipment in 2017 for $100,000. While he owned the equipment, Bob took depreciation deductions of $52,000 (assume this is the correct amount of depreciation). This year, Bob sold the equipment for $30,000 cash plus the buyer assumed Bob's remaining loan balance of $20,000. Bob's selling expenses were $500. What is Bob's gain or loss recognized on the sale