Required information [The following information applies to the questions displayed below.] In year 0, Longworth Partnership purchased a machine for $46,250 to use in its business. In year 3 , Longworth sold the machine for $34,700. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $25,700. Note: Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable. a. What are the amount and character of the gain or loss Longworth will recognize on the sale