Required information (The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans has reported the following net $1231 gains and losses since he began business. Net $1231 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 Year 6 Year 7 (current year) Net $1231 Gains/(Losses) $(73,500) 19, 250 0 0 13,400 0 54,250 b. Assume that the $54,250 net $1231 gain occurs in year 6 instead of year 7. What amount of the gain would be treated as ordinary income in year 6? Ordinary income $ 13,400