Black, LLC sold equipment for $52,000 on November 11, 2019. The equipment had been bought on March 23, 2017, for $74,000 and its adjusted basis was $39,200. The $ 1231 gain, $ 1245 recapture gain, and $ 1231 loss from this transaction are: $0 $ 1231 gain, $12,800 $ 1245 recapture gain, $0 $ 1231 loss. $0 $ 1231 gain, $0 $ 1245 recapture gain, $34,800 $ 1231 loss. $0 $ 1231 gain, $34,200 $ 1245 recapture gain, $0 $ 1231 loss. $0 $ 1231 gain, $12,800 $ 1245 recapture gain, $34,800 $ 1231 loss. None of these