Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $61,500 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: a. Assuming that Hauswirth receives $43,800 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 $43,800, compute Hauswirth's realized gain or loss, recognized gain or loss, deterred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives $20,500 In cash In year O and a $59,500 note recelvable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year O 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 $20,500 in cash in year 0 and a $59,500 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.) Character $ $ S 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 Amount 80,000 61.500 (33.800) 27.700 52.300 33.800 18,500 23.13 X 4.742 13.762 X Ordinary Income % $ S Section 1231 gain Section 1231 gain Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $61,500 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: a. Assuming that Hauswirth receives $43,800 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 $43,800, compute Hauswirth's realized gain or loss, recognized gain or loss, deterred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives $20,500 In cash In year O and a $59,500 note recelvable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year O 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 $20,500 in cash in year 0 and a $59,500 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.) Character $ $ S 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 Amount 80,000 61.500 (33.800) 27.700 52.300 33.800 18,500 23.13 X 4.742 13.762 X Ordinary Income % $ S Section 1231 gain Section 1231 gain