Alpha Corporation formed 15 years ago. In its first year, it elected to use the cash method of accounting and adopted a calendar year as its tax year. It made an S election on August 15 of last year, effective for Alpha's current tax year. At the beginning of the current year, Alpha had assets with a $680,000 FMV and a $150,000 adjusted basis.

During the current year, Alpha reports taxable income of $460,000.

• In the current year, Alpha collects all $280,000 of accounts receivables outstanding on January 1 of the current year. The receivables had a zero adjusted basis.
• On February 1, Alpha sells an automobile for $4,400. The automobile had a $1,500 adjusted basis and a $2,800 FMV on January 1 of the current year. Alpha claimed $300 of MACRS depreciation on the automobile in the current year.
• On March 1, Alpha sells land (a Sec. 1231 asset) that it held three years in anticipation of building its own office building for a $40,000 gain. The land had a $53,000 FMV and a $26,000 adjusted basis on January 1 of the current year.
• In the current year, Alpha paid $122,000 of accounts payable outstanding on January 1 of the current year. All the payables are deductible expenses.

Begin by computing Alpha's recognized built-in gains. (Use parentheses or negative sign for negative amounts.)

pick from list below... A?	B?
pick from list below... C?	D?
pick from list below... E?	F?
pick from list below... G?	H?
recognized bulit-in gains:	I?

List for chart above:

Allocable depreciation Collection of accounts receivable Current year taxable income Distributive share of income Payment of accounts payable Sale of automobile Sale of land