4. Ryland Co. sold several assets in 2019, all of which were Sec. 1231 assets that were considered tangible personal property. After applying depreciation recapture and netting the Sec. 1231 gains and losses from the different assets, the company determined that it had a remaining net Sec. 1231 gain of $200,000. a) What is the ultimate character of the $200,000 gain if the company had the following net Sec. 1231 gain (losses) occur in the past? As with the above, if there is one that one type of character, state the dollar amount of gain (loss) related to each type of character. (10 points) Year 2013 2014 Overall Net Portion of these net Sec. 1231 losses left unrecaptured by Sec. 1231 loss net. Sec. 1231 gains that occurred before 2019 begins ($55,000) ($25,000) None Not applicable ($105,000) ($50,000) None Not applicable ($150,500) ($150,500) ($107,500) ($107,500) 2015 2016 | 2017 | 2018 4. Ryland Co. sold several assets in 2019, all of which were Sec. 1231 assets that were considered tangible personal property. After applying depreciation recapture and netting the Sec. 1231 gains and losses from the different assets, the company determined that it had a remaining net Sec. 1231 gain of $200,000. a) What is the ultimate character of the $200,000 gain if the company had the following net Sec. 1231 gain (losses) occur in the past? As with the above, if there is one that one type of character, state the dollar amount of gain (loss) related to each type of character. (10 points) Year 2013 2014 Overall Net Portion of these net Sec. 1231 losses left unrecaptured by Sec. 1231 loss net. Sec. 1231 gains that occurred before 2019 begins ($55,000) ($25,000) None Not applicable ($105,000) ($50,000) None Not applicable ($150,500) ($150,500) ($107,500) ($107,500) 2015 2016 | 2017 | 2018