9. Louis owns a small business. He generated $175,920 of income from the sale of inventory during 2020. He also sold three non-inventory assets during the year. Compute the income from Louis business assuming that:

a. The first sale resulted in $6,500 of recaptured ordinary income, the second sale resulted in a $20,870 capital loss, and the third sale resulted in a $42,600 Section 1231 gain.

b. The first sale resulted in a $79,100 capital loss, the second sale resulted in a $35,200 Section 1231 loss, and the third sale resulted in a $16,000 capital gain.

c. The first sale resulted in a $24,000 capital gain, the second sale resulted in a $27,500 capital loss, and the third sale resulted in a $2,300 Section 1231 gain.