2. d land that she originally purchased in 1979. She took (20 points) Kate sells her office building and land that she originally purchase -line depreciation on the building and the building is now fully depreciated at the time the sale. Kate is in the 37 percent marginal tax bracket in 2019 and has the following mo about the assets that she is selling: Total Depreciation Adjusted Selling Property Original Cost Taken Basis Price Office Building $2,310,000 $2,310,000 $2,640,000 Land 412,500 N/A 412,500 660,000 Kate does not plan to sell any other assets in 2019. A review of Kate's files shows that her only one dispositions of Section 1231 business assets in the past five years was some furniture sold for a $42,900 loss in 2018. Give the amount and the character of Kate's gains on the sale in 2019 and give the applicable tax rates that will apply to those gains in 2019