Vidal Industries (a sole proprietorship) sold three 1231 assets on October 10, 2017, Data on these property dispositions are as follows Asset Machine #56 Machine #77 Machine #101 Cost $540,000 $425,000 $680,000 Acquired Depreciation Sold For 03/17/13 06/03/14 01/30/16 $225,000 $300,000 $215,000 $265,000 $385,000 $400,000 Determine the amount and the character of the recognized gain or loss from the disposition of each asset in 2017. If an amount is zero, enter 0 Total Amount of Character of Amount of 1245 Balance of Asset Gain or Loss Gain or Loss Recapture Gain or Loss 1231 loss Ordinary income Ordinary income V Machine #56 Machine #77 Machine #101 Vidal has$ Assuming Vidal has no nonrecaptured net 1231 losses from prior years, the amount of 2017 recognized gains treated as long-term capital gains is of due to 1245 recapture and of 1231