Initial Basis Depreciation $ 160,800 $ 0 111,600 89,280 Sale Price $ 71,250 30, see Marketable securities Production equipment Business realty: Land Building 239,250 292,000 0 87,600 242,75e 236,008 *Through date of sale Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $177600 rather than $71,250. Initial Basis Depreciation $ 160,800 $ 0 111,600 89,280 Sale Price $ 71,250 30, see Marketable securities Production equipment Business realty: Land Building 239,250 292,000 0 87,600 242,75e 236,008 *Through date of sale Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $177600 rather than $71,250