in july 2023, the company sold vacant land it had purchased in state red. the land had never been utilized in its radio business. the land had been purchased in 2004 for $500,00 and was sold in 2023 for $570,000. joe, a part-time employee of the company was paid 5,000 in 2023 to maintain the land. state red utilizes the tranactional approach to the definition of business income in section 1(a), of UDIPTA and state pink utilizes the functional approach to the definition of business oncome in section 1(a) of UDIPTA. true or false: the gain on the sale will be allocated to state red on the company's 2023 state red tax return but will be included in apportionable income on the company's 2023 state pink tax return