Required information [The following information applies to the questions displayed below.] Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart has a marginal tax rate of 32 percent. Answer the questions presented in the following alternative scenarios (assume Hart had no property transactions other than those described in the problem): Note: 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. Required: 1. Now assume that Hart is a C corporation. What are the amount and character of its recognized gain or loss if the asset is a tonresidential building sold for $450,000 ? 2. What effect does the sale have on Hart's tax liability for the year (assume a 21 percent tax rate)? Now assume that Hart is a C corporation. What are the amount and character of its recognized gain or loss if the as nonresidential building sold for $450,000