Samson Corporation sold the following during the year:

Two delivery trucks purchased in March 2016 for $78,000 are sold in June for $70,000Land used for storage for 5 years sold for $400,000 that had a basis of $80,000Machines with a basis of $200,000 are sold for $75,000 to obtain newer models.A building purchased 8 years ago for $350,000 is sold for $425,000 with an adjusted basis of $300,000 due to depreciation.

What is the character and amount of gain or loss recognized?