Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $102,000 and it has claimed $33,800 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:

c. Assuming that Hauswirth receives $27,500 in cash in year 0 and a $88,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.)

Description	Amount		Character
Amount Realized	$116,000		N/A
Original Basis	$102,000		N/A
Accumulated Depreciation	$33,800		N/A
Adjusted Basis	$68,200		N/A
Gain (Loss) Realized	$47,800		N/A
Depreciation Recapture	?		Ordinary Income
Gain Eligible for Installment Reporting	?		N/A
Gross Profit Percentage	?	%	N/A
Installment Gain (Loss) in year 0	?		?
Installment Gain (Loss) in year 1	?		?