Required: 1. Determine the gain/loss realized and recognized in the current year for each of these events provided above. Also determine whether the gain/loss recognized will be $1231, capital, or ordinary. 2. From the recognized gains/losses determined in part 1, determine the net capital gain/loss, the net ordinary gain/loss, and the net capital gain/loss Moab will recognize on its tax return. Moab, Inc. also has $2,000 of nonrecaptured $1231 losses from previous years. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Determine the gain/loss realized and recognized in the current year for each of these events provided above. Also determine whether the gain/loss recognized is $1231, capital, or ordinary. (Loss amounts should be indicated by a minus sign.) Asset Realized Gain/(Loss) Recognized Gain/(Loss) $1245 Ordinary $291 Ordinary Income Income $1231 Gain/(Loss) Ordinary Income (Loss) Capital Gain/(Loss)