During 2019, Mallory, a sole proprietor, sold the following business-use assets: Date Date Cost Accumulated Sales Acquired Sold Basis Depreciation Price Equipment 1/1/2009 11/19/2019 80,000 50,000 75,000 Machinery 1/1/2012 10/31/2019 50,000 25,000 17,000 $ Furniture 7/1/2010 7/1/2019 35,000 10,000 40,000 Land 1/1/1997 11/19/2019 100,000 150,000 Building 1/1/1997 | 12/31/2019 250,000 $ 110,000 325,000 In 2018, Mallory recognized a net Sec. 1231 loss of ($22,000). Please calculate the following: a.) Total gain to be included in gross income b.) Amount of gain taxed at ordinary income tax rate c.) Amount of gain taxed at 25% maximum tax rate d.) Amount of gain taxed at 0/15/20% Make sure that the answer to each question is very clearly marked in the answer section below