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Required information [The following information applies to the questions displayed below.) Moran owns a building he bought during year o for $231,000. He sold the

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Required information [The following information applies to the questions displayed below.) Moran owns a building he bought during year o for $231,000. He sold the building in year 6. During the time he held the building, he depreciated it by $35,750. 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.) a. Moran received $225,000. Amount Description Total Gain/(Loss) Recognized Unrecaptured $1250 gain (and $1231 gain) Remaining $1231 gain (loss) b. Moran received $260,000. Amount Description Total Gain/(Loss) Recognized Unrecaptured $1250 gain (and $1231 gain) Remaining $1231 gain (loss) c. Moran received $180,000. Amount Description Total Gain/(Loss) Recognized NA Remaining $1231 gain (loss)

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