Exercise 14-32 (Algorithmic) (LO.9) Renata Corporation purchased equipment in 2019 for $294,200 and has taken $132,390 of regular MACRS depreciation. Renata Corporation sells the equipment in 2021 for $176,520. What is the amount and character of Renata's gain or loss? Renata Corporation has a gain of $ of which is treated as ordinary income due to $ 1245 recapture $ 1250 recapture Exercise 14-30 (Algorithmic) (LO.5) Elliott has the following capital gain and loss transactions for 2021. a. $6,600 (15,840) b. C. 52,800 d. Short-term capital gain Short-term capital loss Long-term capital gain (28%) Long-term capital gain (25%) Long-term capital gain (15%) Long-term capital loss (28%) Long-term capital loss (15%) e. 21,120 26,400 (21,120) (39,600) f g. After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall of $ net long-term capital gain net long-term capital loss net short-term capital gain net short-term capital loss