Cesar sold a rental house that was held for $247,500. Cesar bought the rental house five years ago for $227,500 and claimed $48,750 of depreciation expense. What is the amount and character of Cesar's gain or loss assuming this is Cesar's only asset sale of the year? Multiple Choice $20,000 ordinary and $48,750 unrecaptured $1250 gain $20,000 $1231 gain and $48,750 unrecaptured $1250 gain $20,000 capital and $48.750 ordinary gain $68,750 ordinary gain