help me study and i will give a good rating!

Required information The following information applies to the questions displayed below) Luke sold a building and the land on which the building sits to his wholly owned corporation, Studemont Corporation, at fair market value. The fair market value of the building was determined to be $325,000: Luke built the building several years ago at a cost of $200,000. Luke had claimed $45.000 of depreciation expense on the building. The falr market value of the land was determined to be $210,000 at the time of the sale: Luke purchased the land many years ago for $130,000 a. What are the amount and character of Luke's recognized gain or loss on the building? Amount Gain under $1231 Loss under $1231 Ordinary income under 51239 Ordinary loss under $1239 b. What are the amount and character of Luke's recognized gain or loss on the land? Amount Gain under $1231 Loss under $1231 Ordinary income under $1239 Ordinary loss under $1239