A taxpayer sells three Section 1231 assets during 2020. The first sale results in a $15,000 Section 1231 gain. The second sale results in a $4,000 Section 1231 loss. The third sale results in a $2,700 Section 1231 loss. What is the impact of these transactions on the taxpayer's 2020 tax return?

Group of answer choices

8,300 Section 1231 gain

8,300 Long-term capital gain

$15,000 Long-term capital gain and $6,700 ordinary loss

$15,000 Section 1231 gain and $6,700 Section 1231 loss