This year, Sigma Incorporated generated $633,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months:

	InitialBasis	AccumulatedDepreciation*	Sale Price
Marketable securities	$ 183,200	$ 0	$ 85,250
Production equipment	108,400	86,720	35,500
Business realty:
Land	222,750	0	233,250
Building	287,000	86,100	298,000

*Through date of sale.

Required:

1. Compute Sigmas taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses.
2. Recompute taxable income assuming that Sigma sold the securities for $186,400 rather than $85,250.