Sumner sold equipment that it uses in its business for $30100. Sumner bought the equipment a few years ago for $79.950 and has claimed $39.975 of depreciation expense. Assuming that this is Sumner's only disposition during the year, what is the amount and character of Sumner's gain or loss? Multiple Choice O $9,875 capital loss None of the choices are correct $9,875 51231 loss o $9,875 capital loss. o None of the choices are correct o s9,875 $1231 l. o $49,850 ordinary l. o 59,875 61245 l