Corporation C sold the following long-term assets in the current year:

	Cost	A/D		A/B	Proceeds
Office Building	$1,000,000	($256,400)	SL	$743,600	$975,000
Warehouse	600,000	(76,900)	SL	523,100	335,000
Equipment	100,000	(50,000)		50,000	75,000
Furniture and Fixtures	30,000	(30,000)		0	37,000
Auto	60,000	(15,000)		45,000	35,000

Compute the following for corporation C:

1. Net Section 1231 G/(L) after considering all depreciation recapture provisions;

2. Resulting net ordinary gain or (loss) after characterizing the net Section 1231 G/(L) properly;

3. Resulting net capital gain or (loss) after characterizing the net Section 1231 G/(L) properly.