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 $200,000 of adjusted gross income before considering the gains and losses from sale of the business assets. The taxpayer has recognized $5,000 of 1231 losses from the five previous tax years. Asset Purchase date Sale date Purchase Price Depreciation Sales Proceeds A 10/10/16 7/11/21 $400,000 $250,000 $200,000 B 10/02/16 8/2/21 100,000 65,000 115,000 C 09/26/14 11/25/21 50,000 28,000 37,000 Required: Identify the amount of 1245 recapture and 1231 gain or loss that would be reported from the sale of the three assets.