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Copper Industries (a sole proprietorship) sold three 1231 assets during 2020. Data on these property dispositions are as follows: Asset Accumulated Cost Acquired Depreciation $90,800 10/10/17 $59,020 36,320 10/16/16 18,160 Rack Sold For Sold On $45,400 10/10/20 13,620 10/10/20 45,400 10/10/20 Forklift Bin 81,720 03/12/19 27,240 If an amount is zero, enter "o". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Character of Gain or Loss Total Amount of Gain or Loss Amount of $ 1245 Recapture Balance of Gain or Loss Asset Rack Ordinary income Forklift Bin Copper has $ of due to 1245 recapture and $ of 5 1231 b. Assuming that Copper has $9,080 nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain