Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of 1237 and during the tax year sells the first eight lots to eight different buyers for $172,200 each. Dexter's basis in each lot sold is $120,540, and he incurs total selling expenses of $6,888 on each sale.

What is the amount of Dexter's capital gain and ordinary income?