Bevo Partnership had the following financial activity for the year:

Gross receipts from sales	$	860,000
Cost of goods sold		(390,000	)
Operating expenses		(180,000	)
Business meals and entertainment		(20,000	)
Section 1231 gain on equipment sale		5,000
Distribution to partners		(75,000	)

What is the character of the Section 1231 gain to the partners?

Group of answer choices

capital gain

ordinary gain

it depends on what other section 1231 gains and losses the partner might have

it depends on what next year's section 1231 gains are