Complete this question by entering your answers in the tabs below.

Required a

Assuming that Hauswirth receives $$71,100$ in cash for the warehouse, compute the amount and character of Hauswirth's

recognized gain or loss on the sale.

Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final

answers to the nearest whole dollar amount. Return

Required a

Required b

Required c

Assuming that Hauswirth receives $$29,500$ in cash in year $0$ and a $$85,500$ note receivable that is payable in year $1,$ compute the amount and character of Hauswirth's gain or loss in year $0$ and in year $1.$

Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.

Show less $L$

$\backslash$table$[[$Description$,$Amount,,Character$],[$Sales price,$$,115,000$vv$,],[$Original Basis,$$,90,000,,],[$Accumulated Depreciation,$$,(35,200),,],[$Adjusted Basis,$$,54,800,,],[$Gain $($Loss$)$ Realized,$$,60,200,,],[$Depreciation Recapture,,,,Ordinary Income$],[$Gain Eligible for Installment Reporting$],[$Gross Profit Percentage,,,$\%,],[1231$ gain recognized in year $0,,,,$Section $1231$ gain$],[1231$ gain recognized in year $1,,,,$Section $1231$ gain$]]$Comprehensive Problem $11-69($LO $11-1,$ LO $11-2,$ LO $11-3,$ LO $11-4,$ LO $11-5,$ LO $11-6)($Algo$)$

Hauswirth Corporation sold $($or exchanged$)$ a warehouse in year $0.$ Hauswirth bought the warehouse several years ago for $$90,000,$

and it has claimed $$35,200$ of depreciation expense against the building.

Required:

a$.$ Assuming that Hauswirth receives $$71,100$ in cash for the warehouse, compute the amount and character of Hauswirth's recognized

gain or loss on the sale.

b$.$ Assuming that Hauswirth exchanges the warehouse in a like$-$kind exchange for some land with a fair market value of $$71,100,$

compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land.

c$.$ Assuming that Hauswirth receives $$29,500$ in cash in year $0$ and a $$85,500$ note receivable that is payable in year $1,$ compute the

amount and character of Hauswirth's gain or loss in year $0$ and in year $1.$

Complete this question by entering your answers in the tabs below.

Required a

Required $b$

Assuming that Hauswirth receives $$71,100$ in cash for the warehouse, compute the amount and character of Hauswirth's

recognized gain or loss on the sale.

Note: Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final

answers to the nearest whole dollar amount. Please help solve the rest, thank you!