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 answer blank. Enter zero If applicable.) Net $1231 Gains/(Losses) $(68,500) 16,750 Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 (current year) 11,400 51,750 b. Assume that the $51,750 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