Required information Determine the amount of any depreciation recapture (DR), capital gain (CG), or capital loss (CL) generated by each event described below. Use the result to determine the income tax effect, if Te-33%. A strip of land zoned as Commercial A purchased 8 years ago for $3.5 million was just sold at a 11% profit. The amount of capital gain (CG) generated is $ The amount of taxes generated is $