Corporation Q, a calendar year taxpayer, has incurred the following Section 1231 net gains and losses since its formation in 2014:

a. In 2017, Corporation Q sold only one asset and recognized a $4,000 Section 1231 gain. How much of this gain is treated as capital gain, and how much is ordinary?
b. In 2018, Corporation Q recognized a $16,700 Section 1231 gain on the sale of one asset and a $2,000 Section 1231 loss on the sale of a second asset. How much of the $14,700 net gain is treated as capital gain, and how much is ordinary?

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2014 2015 2016 Section 1231 galns $14,800 (13,000) $ 1,800 $5,700 (9,000) $(3,300) -0- Section 1231 losses $(3,100) $13,100) Net galn or (loss)