Problem 8-38 (LO. 6, 7) Copper Industries (a sole proprietorship) sold three 1231 assets during 2023. Data on these property dispositions are as follows: Accumulated Asset Cost Acquired Depreciation Sold For Sold On Rack Forklift Bin $110,000 10/10/20 45,000 10/16/19 97,000 03/12/22 $70,000 $55,000 10/10/23 21,000 15,000 10/10/23 31,000 60,000 10/10/23 If an amount is zero, enter "0". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Asset Rack Forklift Bin Character of Gain or Loss Total Amount of Gain or Loss Amount of 1245 Recapture Balance of Gain or Loss Copper has $ of due to 1245 recapture and $ of 1231 b. Assuming that Copper has $6,000 nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain.