With 2018 Law, Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of 1237 and during the tax year sells the first eight lots to eight different buyers for $133,800 each. Dexter's basis in each lot sold is $93,660, and he incurs total selling expenses of $5,352 on each sale.

If required, round your answers to the nearest dollar.

Dexter has a realized and recognized gain of $278,304 , of which $_________ is classified as ordinary income and $_________ as a capital gain.