I:13-59 Secs. 1231, 1245, and 1250. Glen, whose tax rate is 32%, sells each of the following assets for $200,000. Each case is an independent case.

Sec. 1231 Gain (Loss)

Ordinary Income Taxed at 32%

Taxed at 25%

Taxed at 20%

Taxed at 15%

Building purchased in 2006 for $220,000 with adjusted basis of $165,000 ______ ______ ______ ______ ______ ______ Equipment purchased in 2018 for $300,000 with adjusted basis of $144,000 ______ ______ ______ ______ ______ ______ Land purchased in 1999 for

$30,000 to use as a building site ______ ______ ______ ______ ______ ______ Building purchased in 2005 for $150,000 with adjusted basis of $112,000 ______ ______ ______ ______ ______ ______ Equipment purchased in 2019 for $180,000 with adjusted basis of $140,000 ______ ______ ______ ______ ______ ______