The Huckleberry Corporation owns equipment with a $280,000 adjusted basis. The equipment was purchased six years ago for $530,000. Assume Huckleberry sells the equipment for the selling prices given in the three independent cases below. (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 par any zero-balances.) Recaptured Selling Price Recognized Gain (Loss) Ordinary Gain Sec. 1231 Gain (Loss) (Loss) Case A $244,000 Case B $707,000 Case C $420,000 Data table Selling Price Case A $ 244,000 Case B Case C 707,000 420,000 Print Done