Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $81,000 and it has claimed $23.400 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 recelves $69.000 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 $69.000, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Assuming that Hauswirth receives $36,000 In cash In year 0 and a $71,500 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. (Round "Gross Profit Percentage" to 2 decimal places.) Complete this question by entering your answers in the tabs below. Reg a Reg b Reqc Assuming that Hauswirth receives $69,000 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. $ 11,400 Recognized Gain/(Loss) Character of Recognized Gain/(Loss): Ordinary Gain/(Loss) $1231 gain(loss) Reqb > Prev 9. of 9 Ned gi Type here to search O a Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $81,000 and it has claimed $23.400 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 recelves $69.000 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 $69.000, compute Hauswirth's realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. Assuming that Hauswirth receives $36,000 In cash In year 0 and a $71,500 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. (Round "Gross Profit Percentage" to 2 decimal places.) Complete this question by entering your answers in the tabs below. Reg a Reg b Reqc Assuming that Hauswirth receives $69,000 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. $ 11,400 Recognized Gain/(Loss) Character of Recognized Gain/(Loss): Ordinary Gain/(Loss) $1231 gain(loss) Reqb > Prev 9. of 9 Ned gi Type here to search O a