QUESTIONS The following 1231 assets were sold on 10/10/19. Asset Cost (3) Indicate if Gain or Loss Adjusted Basis (2) Amount of Gain or (Loss) Proceeds Date Acquired 8/10/17 Shelf Accum. Deprec 70,000 110,000 b. c. Truck 6/16/16 45,000 55,000 a. 15,000 d. 23,000 e. Sander 03/12/15 95,000 34,000 63,000 g. h. i. j. What is the total amount reported as Sec 1231 Loss? k. What is the total amount of Sec. 1245 Recapture (Ordinary) Income? 1. What is the net total amount of net gain or (loss) that will be reported on Form 4797? Be sure to indicate if your listed amount is a net GAIN or net LOSS. You will enter all answers in the one answer box, but be sure to label each answer. a., b., C., etc. Save All Answ