Delour Inc. was incorporated in 2013 and adopted a calendar year. Here is a schedule of Delour's net Section 1231 gains and (losses) reported on its tax returns through 2018. 201320142015201620172018$(4,900)$-0-$-0-$-0-$(12,000)$-0-In 2019, 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 ordinary gain.
B. $50,000 Section 1231 gain.
C. $16,900 ordinary gain and $33,100 Section 1231 gain.
D. $12,000 ordinary gain and $38,000 Section 1231 gain.
Answer: D
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