Psi Corporation sold the following property on March 3 of the current year: (Click the icon to view the property sold.) Aside from these transactions, Psi had $680,000 of operating net income during the current year. Psi has a $23,000 nonrecaptured Sec. 1231 loss from prior years. Requirement Determine the character of the gains and losses, and calculate the corporation's taxable income. Begin by calculating the total depreciation recapture, if any. (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Sec. 1245 depreciation recapture on equipment Sec. 291 depreciation recapture on building Sec. 291 recapture on securities Total depreciation recapture 3000 23,000 17000 Data table 9000 - Securities Equipment Building Land $ 63,000 $ 175,000 $ 435,000 $ 155,000 Selling price Cost $ 102,000 $ 172,000 $ 453,000 $ 172,000 0 (112,000) (133,000) Accumulated depreciation Adjusted basis $ 102,000 $ 60,000 $ 320,000 $ 172,000 $ (39,000) $ 115,000 $ 115,000 $ (17,000) Gain (loss) The corporation used the equipment, building, and land in its business and has held all the property for more than one year.