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Required information

Problem $11-51($LO $11-5)($Algo$)$

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Bourne Guitars, a corporation, reported a $$190,000$ net $$1231$ gain for year $6.$

Problem $11-51$ Part$-$a $($Algo$)$

a$.$ Assuming Bourne reported $$55,750$ of nonrecaptured net $1231$ losses during years $1-5,$ what amount of Bourne's net $1231$ gain for year $6,$ if any, is treated as ordinary income?

Bourne's gain treated as ordinary income