LO.6, 7 Green Industries (a sole proprietorship) sold three § 1231 assets on October 10, 2010. Data on these property dispositions are as follows.

Asset Cost Acquired Depreciation Sold for Rack $100,000 10/10/06 $70,000 $75,000 Forklift 35,000 10/16/07 23,000 5,000 Bin 87,000 3/12/09 34,000 60,000

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset in 2010.

b. Assuming Green has no nonrecaptured net § 1231 losses from prior years, how much of the recognized gains are treated as long-term capital gains?