Renata Corporation purchased equipment in 2018 for $328,400 and has taken $147,780 of regular MACRS depreciation. Renata Corporation sells the equipment in 2020 for $197,040.

What is the amount and character of Renata's gain or loss?

Renata Corporation has a gain of $....................fill in the blank 1 of which $......................fill in the blank 2 is treated as ordinary income due to 1245 recapture.