This year, Sigma Inc. generated $636,000 income from its routine business operations. In addition, the corporation...

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This year, Sigma Inc. generated $636,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months. Initial Асс. Depr.* Sale Price O $ 74,000 36, 000 Basis Marketable securities Production equipment Business realty: Land $ 157, 600 $ 115, 600 92, 480 235,500 263, 000 241, 750 218, 000 Building 78, 900 *Through date of sale. a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses. This year, Sigma Inc. generated $636,000 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months. Initial Асс. Depr.* Sale Price O $ 74,000 36, 000 Basis Marketable securities Production equipment Business realty: Land $ 157, 600 $ 115, 600 92, 480 235,500 263, 000 241, 750 218, 000 Building 78, 900 *Through date of sale. a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured Section 1231 losses.