East West Corporation owns equipment which cost $65,000 and has a $28,000 adjusted basis. East West exchanges the equipment in June of 2019 for other equipment ($56,000 FMV) and marketable securities ($38,000 FMV). Read the requirement. Begin by determining the (a.) realized gain, (b.) recognized gain, (c.) gain treated as ordinary income, and (d.) gain treated as Sec. 1231 gain. (Complete all input fields. Enter a "0" for any zero balances.) c. Gain Treated as Ordinary Income d. Gain Treated as Sec. 1231 Gain a. Realized Gain b. Recognized Gain i X Requirement Determine the (e.) basis of marketable securities received, and (f.) basis of equipment received. e. Marketable Basis of Equipment Securities Received Determine the following: a. Realized gain b. Recognized gain C. Gain treated as ordinary income d. Gain treated as Sec. 1231 gain e. Basis of marketable securities received f. Basis of equipment received