Siena 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 Siena has no nonrecaptured net § 1231 losses from prior years, how much of the 2017 recognized gains is treated as capital gains? 

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Cost Acquired 10/10/13 10/16/14 03/12/16 Depreciation Sold for Sold on Asset Rack 10/10/17 10/10/17 10/10/17 $100,000 35,000 87,000 $62,000 23,000 $85,000 5,000 Forklift Bin 60,000 34,000