Copper Industries (a sole proprietorship) sold three § 1231 assets during 2022. Data on these property dispositions are as follows:

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

b. Assuming that Copper has $6,000 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.

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Asset Rack Forklift Bin Cost Acquired $110,000 10/10/19 45,000 10/16/19 97,000 03/12/21 Accumulated Depreciation $70,000 21,000 31,000 Sold for $55,000 15,000 60,000 Sold on 10/10/22 10/10/22 10/10/22