Moran owns a building he bought during year 0 for $150,000. He sold the building in year 6. During the time he held the building he depreciated it by

$32,000. What is the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations?

a) Moran received $145,000.

b) Moran received $170,000.

c) Moran received $110,000.