Morgan's water world (Mww), an LLC, opened several years ago. Mww has reported the following net 1231 gains and losses since it began business. Net 1231 gains shown are before the lookback rule Net 1231 Gains (Losses) (11,000) Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 (current year) 5,000 (21,000) (4,000) 17,000 (43,000) 113,000 What amount, if any, of the year 7 $113,000 net S1231 gain is treated as ordinary income? Ordinary income