Heron Company purchases commercial realty on November 13, 2002, for $650,000. Straight-line depreciation of $287,492 is claimed before the property is sold on February 22, 2020, for $850,000. What are the tax consequences of the sale of realty if Heron is (a) a C corporation and (b) a sole proprietorship? a. If Heron is a C corporation, what is the amount of each type of gain recognized? If an amount is zero, enter "O". Round your answers to the nearest dollar. Character of Gain Ordinary income under $ 1245 Ordinary income under $ 1250 Ordinary income under 291 1231 gain Total recognized gain b. If Heron is a sole proprietorship, what is the amount of each type of gain recognized? fille lilli Character of Gain Ordinary income under $ 1245 Ordinary income under $ 1250 Ordinary income under 291 1231 gain Total recognized gain