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 $$92,300$ straight$-$line depreciation on the warehouse. Required: Compute Lynn$$s gain recognized on the sale of the warehouse. What is the character of this gain? How would your answers change if Lynn was a noncorporate business?