= K Problem 8-37 (LO. 6, 7) Amber Industries (a sole proprietorship) sold three 1231 assets during 2023. Data on these property dispositions are as follows: Asset Rack Forklift Bin Asset Rack Forklift a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. If an amount is zero, enter "0". Bin Cost Acquired $100,000 10/10/19 35,000 10/16/20 87,000 03/12/22 Amber has $ Accumulated Depreciation Sold For $100,000 $145,000 3,000 23,000 31,000 60,000 Character of Gain or Loss of Sold On 10/10/23 10/10/23 10/10/23 Total Amount of Gain or Loss Amount of 1245 Recapture Balance of Gain or Loss due to 1245 recapture. Additionally, she has of net 1231 b. Assuming that Amber has $5,000 nonrecaptured not 1231 losses from the five prior years, analyze these transactions, and determine the amount (if any) that will be treated as a long-term capital gain.

Problem 8-37 (Lo, 6, 7) Amber Industries (a sole proprietorship) sold three 51231 assets during 2023. 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. If an amount is zero, enter " Om. Amberhas 5 of due to 51245 recopture, Additionally, she has 1 of net 51231 b. Assuming that Amber has $5,000 nonrecaptured ndt 51231 losses from the five prior years, analyze these transactions, and determine the amount (ir any) that will be treated as a long-term capital gain