Question D: How much is Knight Corporation's net Sec 1231 gain or loss for 2019 before considering the look- back provision? Complete the following table: Asset Amount of Ordinary Income (Sec 1245, 1250, or 291 recapture) Sec 1231 Gain or Loss Equipment#1 Equipment#2 Building Land - TOTAL Net Sec 1231 Knight Corporation, a C Corp, disposed of the following assets, all Sec 1231 property, during 2019: Asset Deprec Method Cost Accum Deprec Adj. Basis Sale Price $15,000 $23,000 $21,000 $30,000 Equipment#1 MACRS - DDB $55,000 $40,000 Equipment#2 MACRS - DDB $32,000 $11,000 Building MACRS - SL $110,000 $50,000 Land N/A $45,000 $0 $60,000 $135,000 $45,000 $55,000