! Required information Problem 11-51 (LO 11-5) (Algo) [The following information applies to the questions displayed below.) Bourne Guitars, a corporation, reported a $211,000 net $1231 gain for year 6. Problem 11-51 Part-a (Algo) a. Assuming Bourne reported $52,250 of nonrecaptured net $1231 losses during years 1-5, what amount of Bourne's net $1231 gain for year 6, if any, is treated as ordinary income? Bourne's gain treated as ordinary income ! Required information Problem 11-51 (LO 11-5) (Algo) (The following information applies to the questions displayed below.) Bourne Guitars, a corporation, reported a $211,000 net $1231 gain for year 6. Problem 11-51 Part-b (Algo) b. Assuming Bourne's nonrecaptured net $1231 losses from years 1-5 were $286,000, what amount of Bourne's net $1231 gain for year 6, if any, is treated as ordinary income? Bourne's gain treated as ordinary income