Required information [The following information opplies to the questions displayed below.] Moab incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Becouse of this decision it has entered into several transactions during the year. a. Moob incorporated sold a mochine that it used to make computerized godgets for $29,700 cosh. It originally bought the machine for $20,800 three years ago and hos taken $8,000 in depreciotion. b. Moab Incorporated held stock in ABC Corporation, which had a value of $20,000 ot the beginning of the yeor. That same stock had o value of $23,230 ot the end of the yeor. c. Moob incorporated sold some of its inventory for $8,600cosh. This inventory had a bosis of $5,000. d. Moab incorporated disposed of an office building with a fair morket volue of $83,000 for onother office building with 0 fair market value of $61,400 and $21,600 in cosh. It originally bought the office building seven yeors ogo for $70,000 and has taken $15,000 in depreciation. e. Moab Incorporated sold some land held for investment for $44,000. It originally bought the land for $45,800 two years ogo. f. Moab Incorporated sold another machine for a note payable in four annual installments of $16,000. The first payment was received in the current year. It originally bought the machine two years ago for $48,000 ond has claimed $9,800 in depreciation expense agoinst the mochine. g. Moab incorporated sold stock it held for eight yeors for $3,550. It originally purchased the stock for $2,500. h. Moab Incorporated sold another machine for $8,900. It originally purchosed this mochine six months ogo for $9,600 and has claimed $530 in depreciation expense against the osset. Required: 1. Determine the goin/loss realized and recognized in the current year for eoch of these events provided above. Also determine whether the goin/loss recognized will be 81231 , capital, or ordinory. 2. From the recognized goins/osses determined in part 1, determine the net 51231 gain/oss, the net ordinary gain/oss, and the net copital gainhoss Moab will recognize on its tax return. Moob incorporated also has $3,600 of nonrecaptured net 1231 losses from previous years. Complete this question by entering your answers in the tabs below. Determine the gain/loss realized and recognized in the current year for each of these events provided sbove. Also determine whether the gain/loss recognized will be 1231, capital, or ordinary. Note: Do not round intermediate cornputations. Loss amounts should be indicated by a mirus sign. Complete this question by entering your answers in the tabs below. From the recognized gains/losses determined in part 1, determine the net 1231 gain/loss, the net ordinary gain/loss, and the net capital gain/loss Moab will recognize on its tax return. Moab incorporated also has $3,600 of nonrecaptured net 1231 losses from previous years. Note: Do not round intermediate computations. Loss amounts should be indicated by a minus sign. Show less 4