Tax Drill $-$ Depreciation Recapture for Corporations

Grenville Corporation purchases residential real property on May $9,2020,$ for $$1,000,000.$ Straight$-$line cost recovery is taken in the

amount of $$92,970$ before the property is sold on December $30,2023,$ for $$1,100,000.($Neither the purchase nor the selling price includes

any amount attributable to the land$).$

If an amount is zero, enter $"0".$

Grenville Corporation's total recognized gain of $

$x$ is accounted for as follows:

Ordinary income under $1250$: $

Ordinary income under $291$: $$[$

Section $1231$ gain: