Required information

Problem $3-51($LO $3-5)($Algo$)$

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

Problem $3-51$ Part$-$b $($Algo$)$

b$.$ Assuming Bourne's nonrecaptured net $$1231$ losses from years $1-5$ were $$222,000,$ what amount of Bourne's net $12316,$ if any, is treated as ordinary income?

Bourne's gain treated as ordinary income