Aqua Corporation purchases nonresidential real property on May $8,2021,$ for $$2,340,000.$ Straight$-$line cost recovery is taken in the amount of $$234,000$ before the property is sold on November $27,2024,$ for $$3,510,000.$

a$.$ Compute the amount of Aqua's recognized gain on the sale of the realty.

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b$.$ Determine the amount of the recognized gain that is treated as $1231$ gain and the amount that is treated as $1250$ recapture $($ordinary income due to $291).$

$1231$ gain: $ $$

$1250$ recapture $($ord

Alpha$-$numeric input field ${?}^1)$:

$