1. Abe has a business. During 2018 the business has the following events:

1. Insurance proceeds in excess of basis on loss of a machine held for more than one year of $16,500
2. Total loss of a business asset with a fair market value of $7,000 and a basis of $12,000
3. Sale of depreciable assets held for more than one year:
   1. Asset A gain of $12,000
   2. Asset B loss of $7,000
   3. Asset C loss of $6,000
4. Sale of depreciable assets held for less than one year:
   1. Asset D gain of $2,400
   2. Asset E loss of $4,200

What is the tax treatment of the above transactions? Would your answer change if Abe had the following Sec. 1231 amounts:

1. 2013 loss of $3,500
2. 2014 gain of $2,500
3. 2015 loss of $1,200
4. 2016 gain of $2,200
5. 2017 loss of $1,200