Ashburn Reported a $104,875 Net §1231 Gain in Year 6

Multiple Choice

Ashburn reported a $104,875 net §1231 gain in Year 6. Assuming Ashburn reported $52,500 of nonrecaptured §1231 losses during Years 1 to 5, what amount of Ashburn's net §1231 gain for Year 6, if any, is treated as ordinary income?

A) $0.
B) $52,375.
C) $52,500.
D) $104,875.
E) None of the choices are correct.