A business taxpayer sold all the depreciable assets of the business, calculated the gains and losses, and would like to know the final character of those gains and losses. The taxpayer had $353,000 of adjusted gross income before considering the gains and losses from sales of the business assets. The taxpayer had an unrecaptured § 1231 lookback loss of $22,000. What is the treatment of the gains and losses summarized in the chart below after all possible netting and reclassification have been completed? What is the taxpayer’s adjusted gross income?

Asset	Purchase Date	Sale Date	Depreciation	Gain (Loss)
Machine #1	10/10/12	11/11/16	$323,000	$66,000
Machine #2	10/02/11	11/11/16	65,000	(15,000)
Machine #3	09/23/10	11/11/16	183,000	23,000
Machine #4	09/23/10	11/11/16	28,000	34,000