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Required information (The following information applies to the questions displayed below_j Moab Incorporated manufactures end distributes high tech biking gedgets_ It has decided to streamline some of its operations so that it will be able to be more productive end efficient. Because of this decision it hes entered into several transections during the yeer_ a. Moeb Incorporated sold e machine thet it used to make computerized gadgets for $27,300 cesh_ It originally bought the machine for S19,200 three years ego end hes taken $8,000 in depreciation. b. Moeb Incorporated held stock in ABC Corporation, which had e value of $12,000 ot the beginning of the yeer_ That some stock hed a velue of SIS,230 ot the end of the year c. Moeb Incorporated sold some of its inventory for S7,OOO cash. This inventory had e basis of ss,ooo_ d. Moeb Incorporated disposed of an office building with a fair market value of $75,000 for another office building with a fair market value of $55,000 and $20,000 in cash. It originally bought the office building seven years ego for $62,000 end hos taken SIS,OOO in depreciatiom e. Moeb Incorporated sold some land held for investment for $28,000. It originally bought the lend for $32,000 years ago f. Moeb Incorporated sold another machine for e note payable in four annual installments of $12,000. The first payment was received in the current year. It originally bought the machine two years ego for S32,OOO and hes claimed $9,000 in depreciation expense egoinst the machine. g. Moeb Incorporated sold stock it held for eight years for $2,750. It originally purchased thc stock for S2,lOO_ h. Moeb Incorporated sold another machine for $7,300. It originally purchased this machine six months ago for $9,000 and hes claimed $830 in depreciation expense egoinst the asset.