Garrison Printing Company, a sole proprietorship owned by Jim Garrison (a calendar-year taxpayer, cash-basis taxpayer) has 2023 before tax income of $500,000 generated from completing orders that involve printing on t-shirts and hats. Garrison also sold the following assets during 2023: Unprinted t-shirts and hats (i.e. inventory) with a cost basis of $85,000 were sold for $125,000. Stocks (held longer than 12 months) with a cost basis of $25,000 were sold for $15,000. A printing machine (held longer than 12 months) with a cost basis of $15,000 and accumulated tax depreciation of $7,000 was sold for $10,000. An embroidery machine (held longer than 12 months) with a cost basis of $6,000 and accumulated tax depreciation of $4,000 was sold for $5,000. A storage building (placed in service in 2006) with a cost basis of $30,000 and accumulated tax depreciation of $6,000 was sold for $33,000. Furniture (held longer than 12 months) with a cost basis of $6,000 and accumulated tax depreciation of $4,000 was sold for $10,000. Garrison has unrecaptured net Section 1231 losses of $2,500 during the previous 5 years. Determine the amount AND character of Garrisons 2023 taxable gain/loss generated from these transactions. Calculation G/L = Ordinary + Section 1231+ Capital a) b) c) d) e) f)