Heron Company purchases commercial realty on November 13,2003 , for $650,000. Straight-line depreciation of $287,492 is claimed before the property is sold on February 22, 2021, 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 " 0 ". Round your answers to the nearest dollar. b. If Heron is a sole proprietorship, what is the amount of each type of gain recognized? Character of Gain Ordinary income under 1245 Ordinary income under 1250 Ordinary income under 291 1231 gain Total recognized gain