38. LO.2, 3 Copper 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 $110,000 10/10/10 $70,000 $55,000 10/10/13 Forklift 45,000 10/16/09 21,000 15,000 10/10/13 Bin 97,000 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 Copper has $6,000 nonrecaptured net § 1231 losses from prior years, how much of the 2013 recognized gains is treated as capital gains?