Edith purchased a warehouse for $200,000 on December 6, 1973 with an estimated life of 50 years to be used in her business. On June 6, 2021, she sold the warehouse for $150,000. She used an accelerated depreciation method resulting in $197,000 depreciation. Straight-line depreciation would have been $190,000. How much and what type of gain will Edith have on the sale?

		$147,000 long-term capital gain
		$147,000 ordinary income
		$7,000 Section 1231 gain; $140,000 ordinary income
		$7,000 ordinary income; $140,000 taxed at a maximum rate of 25%