Problem 17-37 (LO. 2, 3) Amber Industries (a sole proprietorship) sold three 1231 assets during 2021. Data on these property dispositions are as follows: Accumulated Depreciation Asset Cost Acquired Sold For Sold On Rack $100,000 10/10/17 $100,000 $145,000 10/10/21 Forklift 35,000 10/16/18 23,000 3,000 10/10/21 Bin 87,000 03/12/20 31,000 60,000 10/10/21 a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. If an amount is zero, enter "O". Total Character of Asset Gain or Loss Rack Ordinary income and & 1231 gain S Amount of Gain or Loss Amount of $ 1245 Recapture Balance of Gain or Loss 145,000 100,000 100,000 x Forklift $ 1231 loss 9,000 O 9,000 Bin Ordinary income 4,000 4,000 0 due to 1245 recapture. Additionally, she has s 36,000 of net Amber has s $ 1231 gain 104,000 of ordinary income