Copper Industries (a sole proprietorship) sold three 1231 assets during 2015.

Data on these property dispositions are as follows:

Asset Cost Acquired Depreciation Sold for Sold on

Rack $110,000 10/10/12 $70,000 $55,000 10/10/15

Forklift 45,000 10/16/11 21,000 15,000 10/10/15

Bin 97,000 03/12/14 31,000 60,000 10/10/15

a. Determine for each asset a gain or loss and the amount of gain or loss ; The recapture amount: and the Balance of the gain/loss.

B. Copper has ( ?$?) of ( ordinary income / long-term capital gains) due to 1245 recapture (?$) of 1231(gain/loss)

C) Assuming that Copper has $6,000 nonrecaptured net 1231 losses from prior years, how much of the 2015 recognized gains is treated as capital gains?