! 7 Required information [The following information applies to the questions displayed below.) Part 1 of 3 Moran owns a building he bought during year 0 for $180,000. He sold the building in year 6. During the time he held the building, he depreciated it by $34,750. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) References a. Moran received $205,000 Amount Description Total Gain/(Loss) Recognized Remaining $1231 gain (loss) ! Required information [The following information applies to the questions displayed below.] Moran owns a building he bought during year 0 for $180,000. He sold the building in year 6. During the time he held the building, he depreciated it by $34,750. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) b. Moran received $253,000. Amount Description Total Gain/(Loss) Recognized Remaining $1231 gain (loss) ! Required information (The following information applies to the questions displayed below.) Moran owns a building he bought during year 0 for $180,000. He sold the building in year 6. During the time he held the building, he depreciated it by $34,750. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) c. Moran received $143,000. Amount Description Total Gain/(Loss) Recognized Remaining $1231 gain (loss)