If an amount is zero, enter "O". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Character of Gain or Loss Total Amount of Gain or Loss Amount of $ 1245 Recapture Balance of Gain or Loss Asset Rack Ordinary income 14,160 14,160 0 Forklift $_1231 loss -4,720 0 4,720 Bin 5 1231 loss -9,440 0 9,440 14,160 of ordinary income due to 1245 recapture and $ 14,160 of 1231 Copper has $ loss > Feedback b. Assuming that Copper has $9,440 nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain. 14,160 X