I am having issues figuring out part C only.

Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $78,500, and it has claimed $41,400 of depreciation expense against the building. (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.

Required:

1. a. Assuming that Hauswirth receives $55,000 in cash for the warehouse, compute the amount and character of Hauswirths recognized gain or loss on the sale.
2. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $55,000, compute Hauswirths realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land.
3. c. Assuming that Hauswirth receives $32,000 in cash in year 0 and a $58,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain or loss in year 0 and in year 1.

Assuming that Hauswirth receives $32,000 in cash in year 0 and a $58,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain or loss in year 0 and in year 1.

Description	Amount		Character
Sales price	$90,500
Original Basis	$78,500
Accumulated Depreciation	$(41,400)
Adjusted Basis	$37,100
Gain (Loss) Realized	$53,400
Depreciation Recapture	??		Ordinary Income
Gain Eligible for Installment Reporting	??
Gross Profit Percentage	??	%
1231 gain recognized in year 0	??		Section 1231 gain
1231 gain recognized in year 1	??		Section 1231 gain