Calculate the tax liability due based on the following fact pattern. (assume depreciation recapture is at 25% and L/T capital Gains is taxed at 20% and Ordinary gains at 35%) Land was purchased 3 years ago at a cost of $3,000,000 and was sold for $3,250,000. Building was purchased 12 years ago at a cost of $5,000,000. Depreciation deductions of $1,343, 200 were taken during the period that the building was owned by the taxpayer. The building was sold for $4,800,000. Inventory with a cost basis of $50,000 was sold for $65,000. The inventory was acquired 15 months ago A. Some other amount not listed B. $378,550 C. $381,050 D. $341,050 DE. $311,800