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$[The$ following information applies $to$ the questions displayed below.$]$

Moab Incorporated manufactures and distributes high$-$tech biking gadgets. $It$ has decided $to$ streamline some $of$ its operations $so$ that $it$ will $be$ able $tobe$ more productive and efficient. Because $of$ this decision $it$ has entered into several transactions during the year.

Moab Incorporated sold a machine that $it$ used $to$ make computerized gadgets for $$33,600$ cash. $It$ originally bought the machine for $$23,400$ three years ago and has taken $$8,000in$ depreciation.

Moab Incorporated held stock $in$ ABC Corporation, which had a value $of$ $$33,000at$ the beginning $of$ the year. That same stock had a value $of$ $$36,230at$ the end $of$ the year.

Moab Incorporated sold some $of$ its inventory for $$11,200$ cash. This inventory had a basis $of$ $$5,000.$

Moab Incorporated disposed $ofan$ office building with a fair market value $of$ $$96,000$ for another office building with a fair market value $of$ $$71,800$ and $$24,200in$ cash. $It$ originally bought the office building seven years ago for $$83,000$ and has taken $$15,000in$ depreciation.

Moab Incorporated sold some land held for investment for $$23,000.It$ originally bought the land for $$31,200$ two years ago.

Moab Incorporated sold another machine for a note payable $in$ four annual installments $of$ $$22,500.$ The first payment was received $in$ the current year. $It$ originally bought the machine two years ago for $$74,000$ and has claimed $$11,100in$ depreciation expense against the machine.

Moab Incorporated sold stock $it$ held for eight years for $$4,850.It$ originally purchased the stock for $$3,150.$

Moab Incorporated sold another machine for $$11,500.It$ originally purchased this machine six months ago for $$12,200$ and has claimed $$530in$ depreciation expense against the asset.

Required:

Determine the gain $or$ loss realized and recognized $in$ the current year for each $of$ these events provided above. Also determine whether the gain $or$ loss recognized will $be1231,$ capital, $or$ ordinary.

From the recognized gains $or$ losses determined $in$ part $1,$ determine the net $1231$ gain $or$ loss, the net ordinary gain $or$ loss, and the net capital gain $or$ loss Moab will recognize $on$ its tax return. Moab Incorporated also has $$6,200of$ nonrecaptured net $1231$ losses from previous years. Determine the gain $or$ loss realized and recognized $in$ the current year for each $of$ these events provided above. Also determine whether

the gain $or$ loss recognized will $be1231,$ capital, $or$ ordinary.

Note: $Do$ not round intermediate computations. Loss amounts should $be$ indicated $by$ a minus sign. Round your final answer $to$ the

nearest whole dollar. $!$

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$\begin{array}{cc}1231\text{N}\text{e}\text{t}\text{t}\text{i}\text{n}\text{g}\text{P}\text{r}\text{o}\text{c}\text{e}\text{s}\text{s}\text{:}& ?\\ 1231\text{g}\text{a}\text{i}\text{n}& ?\\ 1231\text{l}\text{o}\text{s}\text{s}& ?\\ \text{N}\text{e}\text{t}1231\text{g}\text{a}\text{i}\text{n}& ?\\ \text{N}\text{o}\text{n}\text{r}\text{e}\text{c}\text{a}\text{p}\text{t}\text{u}\text{r}\text{e}\text{d}1231\text{l}\text{o}\text{s}\text{s}\text{e}\text{s}& ?\\ \text{N}\text{e}\text{t}1231\text{g}\text{a}\text{i}\text{n}& ?\\ \text{O}\text{r}\text{d}\text{i}\text{n}\text{a}\text{r}\text{y}\text{I}\text{n}\text{c}\text{o}\text{m}\text{e}\text{:}& ?\\ 1245\text{r}\text{e}\text{c}\text{a}\text{p}\text{t}\text{u}\text{r}\text{e}& ?\\ 291\text{r}\text{e}\text{c}\text{a}\text{p}\text{t}\text{u}\text{r}\text{e}& ?\\ \text{O}\text{r}\text{d}\text{i}\text{n}\text{a}\text{r}\text{y}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}& ?\\ \text{O}\text{r}\text{d}\text{i}\text{n}\text{a}\text{r}\text{y}\text{l}\text{o}\text{s}\text{s}& ?\\ \text{O}\text{r}\text{d}\text{i}\text{n}\text{a}\text{r}\text{y}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}\text{f}\text{r}\text{o}\text{m}1231\text{n}\text{e}\text{t}\text{t}\text{i}\text{n}\text{g}& ?\\ \text{T}\text{o}\text{t}\text{a}\text{l}& ?\\ \text{C}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}\text{G}\text{a}\text{i}\text{n}\text{s}\text{a}\text{n}\text{d}\text{L}\text{o}\text{s}\text{s}\text{e}\text{s}\text{:}& ?\\ \text{C}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}\text{g}\text{a}\text{i}\text{n}& ?\\ \text{C}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}\text{l}\text{o}\text{s}\text{s}& ?\\ \text{N}\text{e}\text{t}\text{c}\text{a}\text{p}\text{i}\text{t}\text{a}\text{l}\text{g}\text{a}\text{i}\text{n}& ?\end{array}$