This year, Labrador, Inc. disposed of the following assets, all of which were held for greater than one year, by selling them to an unrelated third party. The building was originally purchased by Labrador in 1984and straight-line depreciation for the building would have been $40,000. Compute the gain/loss realized and recognized for each asset, as well as the nature of the income/loss, ie. OrdinaryIncome (Loss)/Section 1231Gain (Loss).You do not need to net the gains (losses) together. AssetInitial BasisAccumulated DepreciationSale PriceComputer Equipment30,00028,0004,000Furniture34,00018,00010,000Land125,000-150,000Building500,00060,000575,000