Delour Inc $\begin{array}{lr}2014&2015&2016&2017&2018&2019\\\$(4,900)&\$-0-&\$-0-&\$-0-&\$(12,000)&\$-0-\end{array}$ In 2020, Delour Recognized a $50,000 Gain on the Sale

Multiple Choice

Delour Inc. was incorporated in 2014 and adopted a calendar year. Here is a schedule of Delour's net Section 1231 gains and (losses) reported on its tax returns through 2019. $\begin{array}{lr}2014&2015&2016&2017&2018&2019\\\$(4,900) &\$-0-&\$-0-&\$-0-&\$(12,000) &\$-0-\end{array}$
In 2020, Delour recognized a $50,000 gain on the sale of business land. How is this gain characterized on Delour's tax return?

A) $50,000 Section 1231 gain.
B) $12,000 ordinary gain and $38,000 Section 1231 gain.
C) $16,900 ordinary gain and $33,100 Section 1231 gain.
D) $50,000 ordinary gain.