Goyo Industries (a sole proprietorship) sold three 1231 assets during 2019. Data on these property dispositions are as follows: Asset Cost Acquired Depreciation Sold For Sold On Machine #1 Machine #2 Machine #3 $85,000 $30,000 $77,000 08/31/15 11/17/16 02/28/18 $32,000 $12,000 $28,000 $60,000 $15,000 $51,000 12/04/19 12/04/19 12/04/19 Determine the amount and the character of the recognized gain or loss from the disposition of each asset. If an amount is zero, enter "O". Character of Gain or Loss Total Amount of Gain or Loss Amount of S 1245 Recapture Balance of Gain or Loss Asset Machine #1 Machine #2 Machine #3 Goyo has $ of due to $ 1245 recapture and s of 1231 Assuming Goyo has no nonrecaptured net 5 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain