ABC Partners purchased a building on March 15, 2014 for $390k. The building was depreciated using the MACRS rules with $50k of depreciation having been claimed. On March 14, 2020, the building was sold for $425k when the building had an adjusted basis of $340k. For ABC's tax return, which includes March 14, 2020 they should report: (this is tax accounting)

A Section 1231 gain of $35k and ordinary income of $50k

B Section 1231 gain of $85k and ordinary income of $0

C Section 1231 gain of $50k and ordinary income of $35k

D Section 1231 gain of $75k and ordinary income of $10k