Copper Industries (a sole proprietorship) sold three § 1231 assets during 2017. Data on these property dispositions are as follows:

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

b. Assuming that Copper has $6,000 nonrecaptured net § 1231 losses from prior years, how much of the 2017 recognized gains is treated as capital gains?

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Sold for Sold on Cost Asset Rack Forklift Acquired 10/10/14 10/16/13 03/12/16 Depreciation 10/10/17 $110,000 45,000 $70,000 21,000 31,000 $55,000 15,000 60,000 10/10/17 10/10/17 Bin 97,000