PLEASE Use the information to fill out FORM 4797 for the year 2020 (using 2021 tax rules regardless of the year on tax form) The following information applies to the questions displayed below Moab Incorporated manufactures and distributes high tech biking gadgets It has decided to streamline some of its operations so that it will be able to be more productive and efficient Because of this decision it has entered into several transactions during the year Moab Incorporated sold a machine that it used to make computerized gadgets for $34,800 cash It originally bought the machine for $24,200 three years ago and has taken $8,000 in depreciation Moab Incorporated held stock in ABC Corporation, which had a value of $37,000 at the beginning of the year That same stock had a value of $40,230 at the end of the year Moab Incorporated sold some of its inventory for $12,000 cash This inventory had a basis of $5,000 Moab Incorporated disposed of an office building with a fair market value of $100,000 for another office building with a fair market value of $75,000 and $25,000 in cash It originally bought the office building seven years ago for $87,000 and has taken $15,000 in depreciation Moab Incorporated sold some land held for investment for $15,000 It originally bought the land for $24,800 two years ago Moab Incorporated sold another machine for a note payable in four annual installments of $24,500 The first payment was received in the current year It originally bought the machine two years ago for $82,000 and has claimed $11,500 in depreciation expense against the machine Moab Incorporated sold stock it held for eight years for $5,250 It originally purchased the stock for $3,350 Moab Incorporated sold another machine for $12,300 It originally purchased this machine six months ago for $13,000 and has claimed $530 in depreciation expense against the asset 3 Complete Moab Incorporateds Form 4797 for the year DON'T FORGET PAGE 2 TOO, THANKS (Input all the values as positive numbers Use 2021 tax rules regardless of year on tax form )

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PLEASE!!! Use the information to fill out FORM 4797 for the year 2020 (using 2021 tax rules regardless of the year on tax form) [The

PLEASE!!! Use the information to fill out FORM 4797 for the year 2020 (using 2021 tax rules regardless of the year on tax form)

[The following information applies to the questions displayed below.]

Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year.

Moab Incorporated sold a machine that it used to make computerized gadgets for $34,800 cash. It originally bought the machine for $24,200 three years ago and has taken $8,000 in depreciation.
Moab Incorporated held stock in ABC Corporation, which had a value of $37,000 at the beginning of the year. That same stock had a value of $40,230 at the end of the year.
Moab Incorporated sold some of its inventory for $12,000 cash. This inventory had a basis of $5,000.
Moab Incorporated disposed of an office building with a fair market value of $100,000 for another office building with a fair market value of $75,000 and $25,000 in cash. It originally bought the office building seven years ago for $87,000 and has taken $15,000 in depreciation.
Moab Incorporated sold some land held for investment for $15,000. It originally bought the land for $24,800 two years ago.
Moab Incorporated sold another machine for a note payable in four annual installments of $24,500. The first payment was received in the current year. It originally bought the machine two years ago for $82,000 and has claimed $11,500 in depreciation expense against the machine.
Moab Incorporated sold stock it held for eight years for $5,250. It originally purchased the stock for $3,350.
Moab Incorporated sold another machine for $12,300. It originally purchased this machine six months ago for $13,000 and has claimed $530 in depreciation expense against the asset.

3. Complete Moab Incorporateds Form 4797 for the year. DON'T FORGET PAGE 2 TOO, THANKS!

(Input all the values as positive numbers. Use 2021 tax rules regardless of year on tax form.)