Irby IncWas Incorporated in 2013 and Adopted a Calendar Year

Multiple Choice

Irby Inc.was incorporated in 2013 and adopted a calendar year.Here is a schedule of Irby's net Section 1231 gains and (losses) reported on its tax returns through 2018. In 2019,Irby recognized a $14,750 gain on the sale of business land.How is this gain characterized on Irby's tax return?

A) $14,750 Section 1231 gain.
B) $10,890 ordinary gain and $9,415 Section 1231 gain.
C) $14,750 ordinary gain.
D) None of the choices are correct.