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This year, Sigma Inc. generated $655,500 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held

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This year, Sigma Inc. generated $655,500 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months: Initial Acc. Sale Basis Depr. * Price $ 164,200 $ 0 $ 88,250 104,500 83,600 45,750 Marketable securities Production equipment Business realty: Land Building 187,500 249,000 203,250 234,000 74,700 *Through date of sale. Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigma sold the securities for $169,200 rather than $88,250. Complete this question by entering your answers in the tabs below. Required A Required B Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. Taxable income

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