ABC Had the following transactions in 2019:

Sold Machinery bought in 2013 that had a historical cost of $20,000 and Accumulated Depreciation of $18,000 for $30,000 cash

Had a 1231 loss of $5,000 in 2013

Had a 1231 Gain of $10,000 in 2014

Had a 1231 Gain of $20,000 in 2015

Had a 1231 loss of $12,000 in 2016

Had a 1231 Gain of $5,000 in 2017

Had a 1231 Gain of $3,000 in 2018

What is the amount and character of the gain on the sale of this asset in 2019?

$4,000 ordinary gain and $24,000 Long Term Capital Gain $6,000 Long Term Capital Gain and $22,000 ordinary gain $18,000 ordinary gain and $10,000 Long Term Capital Gain $28,000 ordinary gain $28,000 Long Term Capital Gain