Avalon, Inc., buys equipment costing $158,600 in 2017, and sells it in 2020. Avalon deducts $93,900 in depreciation on the equipment before the sale. Identify the amount and character of the gain or loss on the sale of the equipment if the selling price is as follows: If an amount is zero, enter "0". Sales Price Total Gain/Loss Section 1231 Gain/Loss Ordinary Income/Loss a. $93,600 b. $163,000 C. $40,800