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Bourne Guitars, a corporation, reported a $220,000 net $1231 gain for year 6 . a. Assuming Bourne reported $61,250 of nonrecaptured net $1231 losses during

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Bourne Guitars, a corporation, reported a $220,000 net $1231 gain for year 6 . a. Assuming Bourne reported $61,250 of nonrecaptured net $1231 losses during years 1-5, what amount of Bourne's net $1231 gain for year 6 , if any, is treated as ordinary income

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