Hi, I just registered since I bought a Toyota

. Look forward to meeting some people. I'm trying to learn more about cars and forums are a great place. Hopefully, you guys/gals will help a noob out. Anyways, here's my problem already:
I just bought a 2000 Toyota Tacoma and 2 days later I got a CEL.
I went to AutoZone and it read the following:
P0136 - O2 Sensor malfunction, bank 1 sensor 2
How should I go about checking this? I didnt want to just change the o2 sensor since that may not necessarily be the problem. Also, how do I find out what part I need if it is the o2 sensor? The stealership wants to charge me 85 dollars just to diagnose what I already know from the OBDII scanner.
Appreciate any help......
-B