Question 26 5 pts Use the following information to answer questions 26 to 31. In 2019. Nate, a sole proprietor, sold the following assets. All assets have been used in Nate's business. Assume Nate pays tax on ordinary income at a flat rate of 30%. Asset Date Placed Original in Service Basis Accumulated Depreciation Sales Price Gain (Loss) Machine 2/22/2005 $250,000 $175,000 $50,000 Computer 12/30/2008 $500,000 $275,000 $250,000 Furniture 5/29/2006 $350,000 $300,000 $425,000 Warehouse 5/26/1992 $2,000,000 $1,700,000 $2,650,000 Land 5/26/1992 $800,000 $0 $950,000 Office Building 3/20/1990 $3,150,000 $3,000,000 $2,000,000 Automobile 2/14/2001 $45,000 $35,000 $8,000 What is the total gain or loss) characterized as ordinary income? (5 pts.) $3250 + Sunnantalon Main auta proctonicami