7 An individual purchased an apartment building for use in a business for $300,000 in 2010. The building was sold for $350,000 in October 2021. Depreciation taken was $84,000. If there is no other Section 1231 gain (loss) during the year, how will the gain on the sale of this apartment building be treated? $134,000 15% long-term capital gain $84,000 15% long-term capital gain; $50,000 25% long-term capital gain $50,000 15% long-term capital gain; $84,000 25% long-term capital gain $134,000 25% long-term capital gain $134,000 short-term capital gain