$[$The following information appilies to the questions dispiaynd below.$]$

Moab incorporated manufactures and distributes high$-$tech biling gadgets. It has decided to streamine some of its

operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several

transactions during the year.

a$.$ Moab Incorporated sold a machine that it used to make computerized gadgets for $$30,900$ cash. It originaly bought

the machine for $$21,600$ three years ago and has taken $$9,000$ in depreciation.

b$.$ Moab incorporated heid stock in ABC Corporation, which had a value of $$24,000$ at the beginning of the year. That

same stock had a value of $$27,230$ at the end of the year.

c$.$ Moab incorporated soid some of its inwentory for $$9,400$ cash. This imventory had a basis of $$5,000.$

d$.$ Moab incorporated disposed of an office building with a fair market value of $$87,000$ for another office bulding with a

fair market value of $$64,600$ and $$22,400$ in cash. It originally bought the office building seven years ago for $$74,000$

and has taken $$15,000$ in depreciation.

e$.$ Moab incorporated soid some land heid for imestment for $$41,000.$ It originaly bought the land for $$45,800$ two years

ago.

t$.$ Moab incorporated sold another machine for a note payable in four annual installments of $$$,000.$ The first payment

was recelved in the current year. It originally bought the machine two years ago for $$56,000$ and has claimed $$10,200$

in depreciation experse against the machine.

Moab Incorporated sold stock it held for eight years for $$3,950.$ it originaly purchased the stock for $$2,700.$

h$.$ Moab incorporated sold another machine for $$9,700.$ It originally purchased this machine sic months ago for $$10,400$

and has claimed $$530$ in depreclation experse against the asset.

Required:

Determine the gain or loss realized and recognized in the current year for each of these events provided abowe. Also determine

whether the gain or loss recognized will be $$1231,$ capital, or ordinary.

From the recognized gains or losses determined in part $1,$ determine the net $$1231$ gain or loss, the net ordinary gain or loss, and

net capital gain or loss Maab will recognize on its tax return. Moab Incorporated also has $$4,400$ of nonrecaptured net $$1231$ loss

from previous years.

Answer is not complete.

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Determine the gain or loss realized and recognized in the current year for each $$ these events provided abowe. Also determine whether

the gain or loss recognized will be $51231,$ capital, or ordinary.

Note: Do not round intermediate computations. Loss amounts should be indicated by a minus sign.