! Required information [The following information applies to the questions displayed below.] Moran owns a building he bought during year O for $195,000. He sold the building in year 6. During the time he held the building, he depreciated it by $52,250. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (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.) c. Moran received $131,500. Amount $ (11,250) Description Total Gain/(Loss) Recognized Unrecaptured $1250 loss (and $1231 loss) Remaining $1231 gain (loss) X $ 0 $ (11,250) Required information (The following information applies to the questions displayed below.) Moran owns a building he bought during year O for $195,000. He sold the building in year 6. During the time he held the building, he depreciated it by $52,250. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (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.) c. Moran received $131,500. Amount Description Total Gain/(Loss) Recognized Unrecaptured $1250 gain (and $1231 $ (11,250) S 0 gain) 0) NA Ordinary Income - $1245 depreciation recapture Ordinary Income - $291 depreciation recapture Unrecaptured $1250 loss (and $1231 loss) Unrecaptured $1250 gain (and $1231 gain)