Deandre exchanged a delivery truck (5-year property) used in his medical device business this year for cash and a van. The truck was purchased for $56,000 two years ago. He did not take Sec. 179 or bonus depreciation. He received $10,000 in cash. The fair market value of the van is $13,000. 1. Does the truck for van transaction qualify as a like-kind exchange? 2. What is his amount realized on the trade? 3. What is his gain/loss on the trade? 4. Assuming the facts above, determine the Section 1231 gain/(loss) and ordinary gain/(loss). 5. Assuming Deandre traded the truck for $25,000 in cash and the $13,000 van, determine the Section 1231 gain/(loss) and ordinary gain/(loss). 6. Assuming Deandre traded the truck for $45,000 in cash and the $13,000 van, determine the Section 1231 gain/(loss) and ordinary gain/(loss).