Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600 and has claimed $39,800 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? $9,000,$1231 loss $9,000,$1245 loss $48,800 ordinary loss $9,000 capital loss None of the choices are correct