LO.6 Assistance, Inc., an exempt organization, sells the following assets during the tax year. Determine the effect of these transactions on Assistance’s unrelated business taxable income.

Asset Gain (Loss) Use Land and building $ 80,000 In exempt purpose Land 50,000 Leased to a taxable entity Equipment (20,000) Leased to a taxable entity Automobile (5,000) In exempt purpose