Belvita, Inc. (a C Corporation) disposed of the following assets in 2020 that had been held for several years for use in its trade or business.

Asset	Original Cost	Accumulated Depreciation	Gain/(Loss) on the Sale
Machinery	$30,000	$15,000	($3,500)
Office furniture	$10,000	$5,000	$4,000
Equipment	$25,000	$10,000	$15,500
Warehouse	$75,000	$35,000	$30,000
Land	$65,000	None	($10,000)
Bulldozer	$25,000	$10,000	$12,500

Questions:

a. What is the amount of 1245 gain, if any, and which asset(s) generate the 1245 gain?

b. What is the amount of unrecaptured 1250 gain, if any, and which asset(s) generate the unrecaptured 1250 gain?

c. What is the amount of 291 recapture gain, if any, and which asset(s) generate the 291 recapture gain?

d. What is the amount of 1231 gain before netting of any 1231 losses, and which asset(s) generate the 1231 gain?