P&G Corporation, a C corporation, sold the following business use assets in 2022. Compute the amount and character of any gain or loss P&G Corporation must report from the disposition of each asset (e.g., 1231 gain or loss, ordinary gain or loss, 1245 recapture, etc.). Assume that P&G Corporation has no Section 1231 losses in prior years. Please show your work and explain your calculations. Asset Acquired Sold Cost 8/16/2022 $50,000 10/7/2021 1/13/2020 5/16/2022 $208,000 7/23/2014 2/12/2022 $320,000 7/23/2014 2/12/2022 $100,000 Computer Mfg. Equipment Office building Land Cost Recovery Adjusted Basis $10,000 $40,000 $98,852 $109,148 $60,000 $260,000 $0 $100,000 Sales Price $45,000 $180,000 $400.000 $80,000