Tanisha buys a sculpture from a collector for resale in her gallery for $8,400. she sold it 15 months later for $12,500. what are the nature and amount of the gain on the sale of the sculpture?

The amount of gain on the sale of sculpture is $4100 and its nature is considered as 'ordinary income'.

Step-by-step explanation:

Since we have given that

Cost price of gallery = $8400

Selling price of gallery = $12500

So, Gain on the sale of the sculpture would be

Selling price - Cost price

Hence, the amount of gain on the sale of sculpture is $4100 and its nature is considered as 'ordinary income'.

i believe that the answer is

b. y-1=-2(x-4)

hope this !