Eleven years ago, Lynn Incorporated purchased a warehouse for $315,000. This year, the corporation sold the warehouse to Firm D for $80,000 cash and D's assumption of a $225,000 mortgage. Through date of sale, Lynn deducted $92,300 straight-line depreciation on the warehouse. Required: a. Compute Lynn's gain recognized on sale of the warehouse. b. How much of this recognized gain is treated as capital gain and how much is ordinary? c. How would your answers change if Lynn was a noncorporate business? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Lynn's gain recognized on sale of the warehouse. Realized and recognized gain 82,300 Required A Required B >