On March 1, 2019, Babar Inc., pays $1,200,000 for a store building, moves into the building, and begins business on April 1. Babar properly allocates $1,020,000 of its cost to the building and $200,000 to the land. On May 21, 2019, it installs $1,043,000 worth of new display shelving. Babar wants to claim the maximum allowable depreciation on the property it purchased but does not want to claim bonus depreciation. On January 2, 2022, Babar sells the land and building for $1,400,000 and the display shelving for $45,000. Refer to the MACRS Depreciation Tables to answer the following questions. In your calculations, round depreciation percentages to two decimal places. Round dollar amount calculations and your answers to the nearest whole dollar.

Determine Babar's maximum depreciation deduction for 2019 and 2022. Hint: Assume a 7-year MACRS life for the display shelving.

a. 2019. $

b. 2021. $

c. Babar has a gain of $ on the sale of the land and building.

d. Babar has a gain of $ on the sale of the shelving.