James sold the following assets during the current year. What is Jamess total taxable income related to these sales and how much of that will be taxed at ordinary rates versus long-term capital gain rates? - Land held for investment purchased 5 years ago for $200,000 and sold for $180,000 - Stock A purchased 6 months ago for $50,000 and sold for $55,000 - Coin collection inherited 10 years ago his grandfather his grandfather had invested $600,000 to purchase all of the coins over a period of many years at the date of his death, the coin collection was worth $1,500,000 it was sold for $1,750,000

-Truck used in Jamess business which was originally purchased 10 years ago for $50,000 and depreciated according to the MACRS depreciation rules and sold this year for $20,000 -Equipment used in Jamess business purchased 2 years ago for $800,000 with $200,000 of depreciation claimed up to the date of the sale and sold for $550,000 - Stock B purchased 5 years ago for $10,000 and sold for $25,000 - Stock C purchased 2 months ago for $212,000 and sold for $200,000 - James has a long-term capital loss carryforward of $100,000