37. LO.2, 3 Amber Industries (a sole proprietorship) sold three § 1231 assets during 2013.

Data on these property dispositions are as follows:

Asset Cost Acquired Depreciation Sold for Sold on Rack $100,000 10/10/09 $100,000 $145,000 10/10/13 Forklift 35,000 10/16/10 23,000 3,000 10/10/13 Bin 87,000 03/12/12 31,000 60,000 10/10/13

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

b. Assuming that Amber has $5,000 nonrecaptured net § 1231 losses from the five prior years, how much of the 2013 recognized gains is treated as capital gains?