Copper Corporation sold machinery for $47,000 on December 31, 2018. The machinery had been purchased on January 2, 2015, for $60,000 and had an adjusted basis of $41,000 at the date of the sale. For 2018, what should Copper Corporation report?

a. Ordinary income of $6,000.

b. A 1231 gain of $3,000 and $3,000 of ordinary income.

c. A 1231 gain of $6,000.

d. A 1231 gain of $6,000 and $3,000 of ordinary income