Siena Industries (a sole proprietorship) sold three § 1231 assets during 2013. Data on these property dispositions are as follows:

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.
b. Assuming that Siena has no nonrecaptured net § 1231 losses from prior years, how much of the 2013 recognized gains is treated as capital gains?

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Asset Cost Acquired Depreciation Sold for Sold on Rack $100,000 10/10/09 $62,000 $85,000 10/10/13 Forklift Bin 35,000 10/16/10 87,000 03/12/12 23,000 34,000 5,000 10/10/13 60,000 10/10/13