Hauswirth Corporation sold (or exchanged) some manufacturing equipment in year 0. Hauswirth bought the machinery several years ago for $78,500 and it has claimed $41,400 of depreciation expense against the equipment. (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.) a. Assuming that Hauswirth receives $55,000 in cash for the equipment, compute the amount and character of Hauswirth's recognized gain or loss on the sale. Recognized Gain/(Loss) Character of Recognized Gain/(Loss) Ordinary Gain (Loss) $1231 gain (loss) b. Assuming that Hauswirth receives kind equipment with a fair market value of $55,000 in exchange for its equipment compute Hauswirth's gain realized, gain recognized, deferred gain, and basis in the new equipment. Gain realized Gain recognized Deferred gain Adjusted basis in new property