Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $72,500 and it has claimed $42,000 of depreciation expense against the building. (Loss amounts should be Indlcated by a mlnus 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 $41,500 in cash for the warehouse, compute the amount and character of Hauswirth's b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $41,500. c. Assuming that Hauswirth receives $36,500 in cash in year O and a $60,000 note receivable that is payable in year 1, compute the recognized gain or loss on the sale. compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land. amount and character of Hauswirth's gain in year 0 and in year 1. Round "Gross Profit Percentage" to 2 declmal places.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req a Req b Assuming that Hauswirth receives $41,500 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale Recognized Gain/(Loss) 11,000 Character of Recognized Gain (Loss) Ordinary Gain/(Loss) $1231 gain(loss) Req c Req b Req a Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $41,500, compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new land. 11,000 Gain realized Gain recognized Deferred gain 11,000 30.500 Adjusted basis in new property Reqc > K Reqa Req a Req b Req c Assuming that Hauswirth receives $36,500 in cash in year 0 and a $60,000 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal Character 96,500 72,500 42,000 30,500 30,000 45,000 120,000 Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for Installment Ordinary Income Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year 1 75. % Section 1231 gain Section 1231 gain 120,518 21,545