A machine (a Section 1231 asset that is also a Section 1245 asset) was acquired on February 5, Year 1 for $180,000. It is five-year MACRS property and ost recovery (accumulated depreciation) totals $110,880 when it is sold. The property was sold for $120,000 on July 31, Year 3. You will need to type your calculation and answer in the box. For example, type in "20,000 - 5,000 15,000" to calculate the adjusted basis of an asset that cost 20,000 and had accumulated depreciation of 5,000 when sold. Some items do not need a calculation so for those items just type in the answer. What will follow will be 5 questions related to this asset sale. Provide an answer for every question even if the amount is 0. 5. How much of the gain (loss) is 1231 gain (loss)?