Required information [The following information applies to the questions displayed below. Bourne Guitars, a corporation, reported a $242,000 net 51231 gain for year 6. a. Assuming Bourne reported $72,750 of nonrecaptured net 51231 losses during years 1-5, what amount of Bourne's net 91231 gain for year 6, if any, is treated as ordinary income? Bourne's gain treated as ordinary income ! Required information [The following information applies to the questions displayed below.) Bourne Guitars, a corporation, reported a $242,000 net 91231 gain for year 6. b. Assuming Bourne's nonrecaptured net $1231 losses from years 1-5 were $244,000, what amount of Bourne's net 51231 gain for year 6, if any, is treated as ordinary income? Bourne's gain treated as ordinary income