$0 74,880 This year, Sigma Incorporated generated $657,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months Initial Accumulated Basis Depreciation Sale Price Marketable securities $ 172,400 $ 81,000 Production equipnent 93,600 43,750 Business realty: Land 237,750 249,750 Building 277,600 83, 100 260,000 'Through date of sale Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $177,200 rather than $81.000. 0 Complete this question by entering your answers in the tabs below. Required A Required B Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. Taxable income Required Required B) $0 This year, Sigma Incorporated generated $657,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months Initial Accumulated Basis Depreciation Sale Price Marketable securities $ 172,400 $ 81,000 Production equipment 93,600 74,880 43,750 Business realty: 237,750 249,750 Building 277,000 83, 100 260,000 "Through date of sale Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $177,200 rather than $81,000. Land 0 Complete this question by entering your answers in the tabs below. Required a Required Recompute taxable income assuming that Sigma sold the securities for $177,200 rather than $81,000, Taxable income Required A Required