Alpha sold machinery, which it used in its business, to Beta, a related entity, for $39,500. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $50,500 and has claimed $29,500 of depreciation expense. What is the amount and character of Alpha's gain? Multiple Choice $18,500 ordinary income under $1239. $10,000 ordinary gain and $8,500 $1231 gain. $8,500 ordinary gain. $18,500 capital gain. None of the choices are correct