Aqua Corporation purchases nonresidential real property on May 8, 2015, for $1,590,000. Straight-line cost recovery is taken in the amount of $159,000 before the property is sold on November 30, 2018, for $2,385,000. a. Compute the amount of Aqua's recognized gain on the sale of the realty. Feedback b. Determine the amount of the recognized gain that is treated as 1231 gain and the amount that is treated as 1250 recapture due to 291. S1231 gain: 1250 recapture due to 291