In $2021,$ Medusa Industries, Inc. $($Medusa$),$ a calendar year corporate taxpayer, realized a $$(62,350)$ net capital loss, generating a net capital loss carryforward. $($Medusa had no capital gains in the prior $3$ years to offset$).$

In $2022,$ Medusa generated $$1,500,000$ in operating income from its regular business operations. Also in $2022,$ Medusa sold the following operating assets.

Medusa Industries Operating Assets Sold in $2022$

Assets

Date Purchased

Date Sold

Cost Basis $($$$)$

Accumulated Depreciation $($$$)$

Sale Price $($$$)$

Computer Equipment

$07/01/20$

$03/15/22$

$25,000$

$13,000$

$23,000$

Obsolete Production Machinery

$04/15/20$

$01/30/22$

$125,000$

$59,644$

$40,000$

Vacant land

$11/25/18$

$10/01/22$

$213,500$

$0$

$300,000$

Make the following assumptions:

Assumption $(1)$: Medusa has no unrecaptured $1231$ ordinary loss deductions in the previous $5$ years.

Assumption $(2)$: Medusa realized no other gains or losses in $2022.$