Skeen Company paid $90,000 for tangible personalty three years ago and elected to expense and deduct the cost under Section 179. This year, Skeen sold the personalty for $52,700. Accumulated book depreciation through date of sale was $31,000. What is the effect of the sale on Skeen's book income and taxable income? Multiple Choice $6,300 book loss: $52,700 tax gain $6,300 book loss; -0- tax gain $6,300 book and tax gain None