Copper Industries (a sole proprietorship) sold three § 1231 assets during 2014. 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, how much of the 2014 recognized gains is treated as capital gains?

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AssetCAcquired Depreciation Sold for Sold on Rack $110,000 10/10/11 $70,000 $55,000 10/10/14 Forklift 45,000 10/16/10 Bin Cost 21,000 31,000 5,000 10/10/14 60,000 10/10/14 97,000 03/12/13