Siena Industries (a sole proprietorship) sold three § 1231 assets during 2016. 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 Siena has no nonrecaptured net § 1231 losses from prior years, how much of the 2016 recognized gains is treated as capital gains?

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Rack Forklift Bin $100,000 10/10/12 35,000 10/16/13 87,000 03/12/15 Cost Acquired Depreciation Sold for Sold on $62,000 23,000 34,000 S85,000 10/10/16 5,000 10/10/16 60,000 10/10/16