Save & Exit Submit Lozano sold a machine to a machine dealer for $51,200. Lozano bought the machine for $53,800 several years ago and has claimed $11,900 of depreciation expense on the machine. What is the amount and character of Lozano's gain or loss? Multiple Choice $9,300, $1231 loss $2,600, $1231 loss $9,300, ordinary gain $9,300, capital gain None of the choices are correct