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Required information Problem 11-44 (LO 11-3, LO 11-4) (AlgO) [The following information applies to the questions displayed below.] Moran owns a building he bought during

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Required information Problem 11-44 (LO 11-3, LO 11-4) (AlgO) [The following information applies to the questions displayed below.] Moran owns a building he bought during year 0 for $228,000. He sold the building in year 6 . During the time he held the building, he depreciated it by $55,750. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? Note: Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable. Problem 11-44 Part-c (Algo) c. Moran received $165,000. Problem 11-48 (LO 11-3, LO 11-4, LO 11-5) (Algo) Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2022 , she sells the following long-term assets used in her business: Lily's taxable income before these transactions is $191,900. What are Lily's taxable income and tax liability for the year? Use Tax Rate Schedule for reference. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount

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