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Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $84,500 and it has claimed $39,400 of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.)

Required: a. Assuming that Hauswirth receives $58,200 in cash for the warehouse, compute the amount and character of Hauswirths recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $58,200, compute Hauswirths gain realized, gain recognized, deferred gain, and basis in the new land. c. Assuming that Hauswirth receives $30,000 in cash in year 0 and a $64,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.)

Complete this question by entering your answers in the tabs below. Req a Reg b Reqc Assuming that Hauswirth receives $30,000 in cash in year 0 and a $64,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain in year 0 and in year 1. (Round "Gross Profit Percentage" to 2 decimal places.) Character $ Description Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for installment Reporting Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year 1 Amount 94,500 84,500 39,400 45,100 49,400 $ $ $ Ordinary Income Section 1231 gain Section 1231 gain

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