Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6) Hauswirth Corporation sold (or exchanged) a warehouse in year O. Hauswirth bought the warehouse several years ago for $103,500 and it has claimed $41,600 of depreciation expense against the building. (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.) Required: a. Assuming that Hauswirth receives $76,200 in cash for the warehouse, compute the amount and character of Hauswirth's b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $76,200, c. Assuming that Hauswirth receives $21,000 in cash in year O and a $87,000 note receivable that is payable in year 1, compute the recognized gain or loss on the sale compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land amount and character of Hauswirth's gain in year O and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.) Complete this question by entering your answers in the tabs below Req a Req b Req c Assuming that Hauswirth receives $76,200 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Recognized Gain/(Loss) Character of Recognized Gain/Loss): Ordinary Gain/(Loss) S1231 gain/(loss) K Reqa Req b > Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6) Hauswirth Corporation sold (or exchanged) a warehouse in year O. Hauswirth bought the warehouse several years ago for $103,500 and it has claimed $41,600 of depreciation expense against the building. (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.) Required a. Assuming that Hauswirth receives $76,200 in cash for the warehouse, compute the amount and character of Hauswirth's b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $76,200, c. Assuming that Hauswirth receives $21,000 in cash in year O and a $87000 note receivable that is payable in year 1, compute the recognized gain or loss on the sale. compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land. amount and character of Hauswirth's gain in year O and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.) Complete this question by entering your answers in the tabs below. Req a Req b Req c Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $76,200 compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land Gain realized Gain recognized Deferred gain Adjusted basis in new property Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-) Hauswirth Corporation sold (or exchanged) a warehouse in year O. Hauswirth bought the warehouse several years ago for $103,500 and it has claimed $41,600 of depreciation expense against the building. (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.) Required a. Assuming that Hauswirth receives $76,200 in cash for the warehouse, compute the amount and character of Hauswirth's b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $76,200 c. Assuming that Hauswirth receives $21,000 in cash in year O and a $87,000 note receivable that is payable in year 1, compute the recognized gain or loss on the sale compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land. amount and character of Hauswirth's gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.) Complete this question by entering your answers in the tabs below Req a Req b Req c Assuming that Hauswirth receives $21,000 in cash in year 0 and a $87,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal places Description Amount Character Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for Installment Reporting Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year1