Question 5 Amber's business goes bankrupt in 2023. To dose her business, Amber start by selling off her business assets. Below are the asset disposition transactions: Assets Purchased Date Cost Sold date Sold price Delivery car 2/1/2022 35k 12/31/2023 25k Furniture 4/15/2021 50k 12/31/2023 20k Equipment 6/1/2021 120k 12/31/2023 150k Land 1/1/2021 200k 12/31/2023 280k Assume there is no Section 179 and Bonus depreciation. Use MACRS only for depreciation calculation Show detailed calculation and explanation a) Calculate the Net 1231 Gain/Loss Hint: Be aware of 1245 Depreciation recapture and 1231 lookback rules