For each of the following transactions, determine the amount and character of the gain or loss....

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For each of the following transactions, determine the amount and character of the gain or loss. For each item, enter the appropriate amount in the associated cell in the amount column. If the amount is zero, enter a zero (0). Then, select from the option list provided the character of the gain or loss. Each choice may be used once, more than once, or not at all. Transaction 1. Sale of 1,000 shares of XYZ common stock purchased on 10/15/20 for $20,000 and sold on 2/15/21 for $23,000. 2. Sale of 2,000 shares of ABC common stock purchased on 3/23/21 for $125,000 and sold on 12/31/21 for $139,000. 3. Sale of van purchased on 1/25/20 for $10,000 and sold on 6/03/21 for $9,000. 4. Sale of land purchased on 06/30/05 for $110,000 and sold on 7/04/21 for $169,000. 5. $45,000 of insurance recovery received from a 5-year-old building that was destroyed in a fire. The building was used in a business, had a FMV of $65,000, and an adjusted basis of $50,000. Amount 123 123 123 123 123 Character = E = Ha Select an option below Ordinary income O Ordinary loss O Short-term capital gain O Long-term capital gain O Short-term capital loss O Long-term capital loss For each of the following transactions, determine the amount and character of the gain or loss. For each item, enter the appropriate amount in the associated cell in the amount column. If the amount is zero, enter a zero (0). Then, select from the option list provided the character of the gain or loss. Each choice may be used once, more than once, or not at all. Transaction 1. Sale of 1,000 shares of XYZ common stock purchased on 10/15/20 for $20,000 and sold on 2/15/21 for $23,000. 2. Sale of 2,000 shares of ABC common stock purchased on 3/23/21 for $125,000 and sold on 12/31/21 for $139,000. 3. Sale of van purchased on 1/25/20 for $10,000 and sold on 6/03/21 for $9,000. 4. Sale of land purchased on 06/30/05 for $110,000 and sold on 7/04/21 for $169,000. 5. $45,000 of insurance recovery received from a 5-year-old building that was destroyed in a fire. The building was used in a business, had a FMV of $65,000, and an adjusted basis of $50,000. Amount 123 123 123 123 123 Character = E = Ha Select an option below Ordinary income O Ordinary loss O Short-term capital gain O Long-term capital gain O Short-term capital loss O Long-term capital loss