Silvia Fields is the self-employed operator of a VIP delivery service. Three years ago, Silvia purchased her only asset, a van, for a cost of $24,000. The van has been used 100% for business deliveries since it was purchased. The UCC balance in Class 10 at the beginning of this year is $14,280. On March 1, Silvia sold the van for $10,300 and leased a new van for $400 a month.

REQUIRED
Compute the income tax implications of the disposition of the van.