! Required information (The following information applies to the questions displayed below.) Hans runs a sole proprietorship. Hans has reported the following net 51231 gains and losses since he began business Net 61231 gains shown are before the look back rule. (Leave no answers blank. Enter zero If applicable.) Year Year 1 Year 2 Year 3 Year 4 Year 5 Your 6 Year 7 (current year) Net $1231 Gain/Atos) $175,000) 20,000 0 0 14,000 0 55,000 a. What amount, if any of the year 7 (current year) $55,000 net 51281 gain is treated as ordinary income? Ordinary income