[The following information applies to the questions displayed below.]

Moran owns a building he bought during year 0 for $231,000. He sold the building in year 6. During the time he held the building, he depreciated it by $35,750.

What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations?

Note: Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.

a. Moran received $225,000.

Description	amount:
Total Gain or (Loss) Recognized
Unrecaptured 1250 gain (and 1231 gain)
Remaining 1231 gain or (loss)

b. Moran received $260,000.

Description	amount
Total Gain or (Loss) Recognized
Unrecaptured 1250 gain (and 1231 gain)
Remaining 1231 gain or (loss)

c. Moran received $180,000.

Description	Amount
Total Gain or (Loss) Recognized
N/A
Remaining 1231 gain or (loss)