Siena Industries (a sole proprietorship) sold three 1231 assets during 2018. Data on these property dispositions are as follows:

Asset	Cost	Acquired	Depreciation		Sold For	Sold On
Rack	$100,000	10/10/14	$62,000		$85,000	10/10/18
Forklift	35,000	10/16/15	23,000		5,000	10/10/18
Bin	87,000	03/12/17	34,000		60,000	10/10/18

If an amount is zero, enter 0.

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

Asset	Character of Gain or Loss	Total Amount of Gain or Loss	Amount of 1245 Recapture	Balance of Gain or Loss
Rack	(long-term capital gain/ ordinary income/ 1231 loss)	$	$	$
Forklift	(long-term capital gain/ 1231 gain/ 1231 loss)	$	$	$
Bin	(long-term capital gain/ ordinary income/ 1231 loss)	$	$	$

Siena has $ __________of (long-term capital gain/ ordinary income) due to 1245 recapture and $__________ of 1231 (gain/loss) .

b. Assuming that Siena has no nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain. $__________