Problem 14-74 (LO. 8, 9) Copper Industries (a sole proprietorship) sold three 1231 assets during 2017, Data on these property dispositions are as follows: Cost Acquired Depreciation Sold For Sold On Asset Rack $110,000 10/10/14 Forklift 45,000 10/16/13 Bin $70,000 $55,000 10/10/17 21,000 15,000 10/10/17 31,000 60,000 10/10/17 97,000 03/12/16 If an amount is zero, enter "O. a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Total Amount of Gain or Loss Amount of 1245 Recapture Character of Balance of Gain or Loss Asset Gain or Loss Rack Forklift Bin Copper has of ? due to 1245 recapture and of 1231 b. Assuming that Copper has $6,000 nonrecaptured net 1231 losses from prior years, how much of the 2017 recognized gains is treated as capital gains