18 ! Part 1 of 2 0.25 points Skipped Required information Problem 11-54 (LO 11-5) (Algo) [The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans has reported the following net 1231 gains and losses since he began business. Net 1231 gains shown are before the look-back rule. (Leave no answers blank. Enter zero if applicable.) Year Year 1 Net $1231 Gains/(Losses) $ (73,500) Year 2 19,250 Year 3 0 Year 4 0 eBook Year 5 13,400 Year 6 0 Year 7 (current year) 54,250 Ask Print References Problem 11-54 Part-a (Algo) a. What amount, if any, of the year 7 (current year) $54,250 net 1231 gain is treated as ordinary income? Ordinary income