In year $0,$ Javens Incorporated sold machinery with a fair market value of $$430,000$ to Chris. The machinery's original basis was $$340,560$ and Javens's accumulated depreciation on the machinery was $$53,000,$ so its adjusted basis to Javens was $$287,560.$ Chris paid Javens $$43,000$ immediately $($in year $0)$ and provided a note to Javens indicating that Chris would pay Javens $$64,500$ a year for six years beginning in year $1.$

Required:

a$.$ What are the amount and character of the gain that Javens will recognize in year $0?$

b$.$ What amount and character of the gain will Javens recognize in years $1$ through $6?$

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Required $A$

What are the amount and character of the gain that Javens will recognize in year $0?$

Note: Do not round intermediate computations.

$\backslash$table$[[$Description$,$Amount$],[$Recognized Gain,$$,142,440x$