For 2020, Ethan (an individual) has $100,000 of taxable income before consideration of the following transactions: Sold for $200,000 machinery used in his business for 4 years, which was purchased for $180,000 and had accumulated depreciation of $80,000. Sold for $53,000 corporate stock held for 2 years and purchased for $90,000. Sold for $30,000 equipment which was purchased for $72,000 3 years earlier and had depreciation of $35,000 Incurred a $24,000 loss resulting from an earthquake that damaged a building used in the business. Please respond to the following questions. In your answers, do not write "gain" or "loss." Instead, please use parentheses to denote losses. Home How much ordinary income/loss, if any, does Ethan recognize as a result of depreciation recapture on the sale of the machinery? What is the total long-term capital gain or loss, if any, that Ethan recognizes in 2020 (assume Ethan had no net Section 1231 losses in the previous 5 years)