Assume the three transactions described in Question 12 are Jackson corporation's only property transactions for 200. Which of the following statements is correct regarding the tax rate applicable to the gain on sale of the building and land? Select one: a. The gain is subject to the same rate of tax that otherwise applies to the tax rate applicable to its inventory gain. b. The gain on sale of the building and land will be taxed at a 20% tax rate. c. The gain on sale of the building and land will be taxed at a 25% tax rate. d. The gain attributable to any un-recaptured 1250 gain on sale of the building will be taxed at a 25% tax rate. e. None of the above