Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $114,000, and it has claimed $24,200 of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.) Required: a. Assuming that Hauswirth receives $107,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $107,500, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. C. Assuming that Hauswirth receives $39,000 in cash in year 0 and a $76,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. X Answer is not complete. Complete this question by entering your answers in the tabs below. Req a Reg b Reqc Assuming that Hauswirth receives $107,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Recognized Gain/(Loss) 17,700 Character of Recognized Gain/(Loss): Ordinary Gain/(Loss) $ 17,700 X $1231 gain/(loss) 0 Complete this question by entering your answers in the tabs below. Req a Reqb Reqc Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $107,500, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Gain realized 17,700 $ 0 Gain recognized Deferred gain Adjusted basis in new property $ 17,700 $ 89,800 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg a Reg b Reqc Assuming that Hauswirth receives $39,000 in cash in year 0 and a $76,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Character $ Amount 115,000 114,000 (24,200) $ $ $ 89,800 $ Description Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for Installment Reporting Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year 1 25,200 $ 24,200 X Ordinary Income % Section 1231 gain Section 1231 gain