Required: (20.0 points) Using the above information, complete Form 4797, Form 1120 Schedule D, Form 8949, and page 1 of Form 1120 for Carn-Evil Corporation for the year 2021. For page 1 of Form 1120, bring the applicable numbers from the two schedules forward to the appropriate lines on page 1 of Form 1120. Carn-Evil's employer identification number is 39-896457.

Carn-Evil Corporation owns and operates a carnival game factory. During 2022 the business reported the following property transactions:

1. Sale of an office building for $1,500,000 in October. The building was purchased in 2008 for $950,000. Depreciation of $450,000 has been claimed on the building.

2. Sale of 500 shares of HP common stock for $70 per share in June. The 500 shares were purchased in July 2019 for $120 per share and were held for investment purposes. This sale transaction was reported to Carn-Evil on Form 1099-B showing the stock basis was reported to the IRS.

3. Sale of factory equipment in November for $40,000. The machine was purchased in January 2020 for $150,000. Depreciation of $30,000 was claimed on the machine.

4. Sale of office furniture used in the business for $10,500 in November. The furniture was purchased in 2015 for $26,000. $18,000 in depreciation had been claimed on the furniture.

5. Sale of a factory building in May for $1,350,000. The building was purchased in 2013 for $1,250,000. Depreciation of $275,000 was claimed on the building.

6. Sale of copier machine for $45,000 in September. The copier was purchased in February 2022, for $37,500. $4,500 in depreciation was claimed on the machine.

7. Sale of real estate (unimproved) that had been used as an employee parking lot for $160,000 in October. The lot was purchased in 2010 for $100,000.

8. Sale of 1,000 shares of BP common stock for $90 per share in November. The shares were purchased in January, 2022, for $50 per share and were held for investment purposes. This sale transaction was reported to Carn-Evil on Form 1099-B showing the stock basis was reported to the IRS.

9. Sale of a factory machine in June for $600,000. The machine was purchased in February 2020 for $468,000. Depreciation of $33,000 was claimed on the machine.

10. Carn-Evil also has a $375,500 capital loss carryforward available from 2021.

Check Figures: The check figures are: 1. Net Section 1231 gain (before determining any effect from non-recaptured Section 1231 losses) is $1,342,000, which is also the amount on line 7, Form 4797; and 2. Total ordinary income is $1,292,500, which is also the amount on line 17, Form 4797.