Hauswirth bought the machinery several years ago for $65,000 and it has claimed $23,000 of depreciation expense against the equipment. a.Assuming that Hauswirth receives $50,000 in cash for the equipment, compute the amount and character of Hauswirths recognized gain or loss on the sale.b.Assuming that Hauswirth receives like-kind equipment with a fair market value of $50,000 in exchange for its equipment, compute Hauswirths gain realized, gain recognized, deferred gain, and basis in the new equipment.c.Assuming that Hauswirth receives $20,000 in cash in year 0 and a $50,000 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain in year 0 and in year 1.10-6. Year 2018 please.