Be sure to identify each item's character. At the end of each problem, you will have - ordinary income or loss, - capital gain or loss which is also short-term or longterm, or - $1250 unrecaptured gains which are their own category. Assume that problem lists all relevant transactions (in other words, there is nothing else you need to net against). Use 2022 rules. When I ask "What is the tax effect?" I am asking for a dollar amount and character - there may be more than one piece with different characters. Don't calculate the tax liability unless asked to do so (you won't have enough information in most of the problems). Please use a different color font for your answers or set them off from your calculations in some way. 1. Sandra sold some equipment for $13,000 in cash, $1,800 of office products, the buyer's assumption of her $2,300 loan, and incurred selling expenses of $1,600. What is Sandra's amount realized in the transaction? 2. Bull Run sold a computer for $1,900 on November 10th of the current year. The computer was purchased for $2,600 two years ago. Bull Run had taken $520 of depreciation deductions and used the computer for normal business. What is the tax effect? 3. Tim Bull, owner of Bull Run, sold his personal computer on November 10th of the current year. The computer was purchased for $3,800 two years ago and he sold it for $1,200. What is the tax effect