In 2020, Zemo sold dance stage audio and lighting equipment used in his for-profit nightclub with a fair market value of $200,000. The equipment's original basis was $190,000 and Zemo's accumulated depreciation in the equipment at the time of the sale (after 2020 depreciation) was $40,000. a. What is the amount and character of the gain that Zemo will recognize in the current year? b. Assume Zemo had a net $1231 loss of $1.000 in 2019. If Zemo's marginal tax rate is 25% and he had no capital losses for the year, what is his total tax liability related to the sale of the equipment