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Federal Inc x Question 8 - Chapter 11 Homewc x + to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/... 11 Homework i Saved Help Save & Exit Check Required information of 2 Problem 11-51 (LO 11-5) (Algo) [The following information applies to the questions displayed below.] Bourne Guitars, a corporation, reported a $197,000 net $1231 gain for year 6. ped Problem 11-51 Part-b (Algo) Book b. Assuming Bourne's nonrecaptured net $1231 losses from years 1-5 were $285,000, what amount of Bourne's net $1231 gain for year Hint 6, if any, is treated as ordinary income? Print ferences Bourne's gain treated as ordinary income