The Apple Corporation owns equipment with a $280,000 adjusted basis. The equipment was purchased six years ago for $560,000. Assume Apple sells the equipment for the selling prices given in the three independent cases below EEB (Click the icon to view the three independent cases.) Read the requirement. Begin by entering the amount of the recognized gain for each case. Then enter the character of the gain or loss for each case. (Use a minus sign or parentheses to enter a loss. Enter a "O for any zero-balances.) Recognized Gain (Loss) Recaptured Ordinary Gain (Loss) Sec. 1231 Gain (Loss) Case The Apple Corporation owns equipment with a $280,000 adjusted basis. The equipment was purchased six years ago for $560,000. Assume Apple sells the equipment for the selling prices given in the three independent cases below EEB (Click the icon to view the three independent cases.) Read the requirement. Begin by entering the amount of the recognized gain for each case. Then enter the character of the gain or loss for each case. (Use a minus sign or parentheses to enter a loss. Enter a "O for any zero-balances.) Recognized Gain (Loss) Recaptured Ordinary Gain (Loss) Sec. 1231 Gain (Loss) Case