Hap Inc., a calendar year taxpayer, sold two operating assets this year. The first sale generated a $38,700 Section 1231 gain, and the second sale generated a $59,400 Section 1231 loss. As a result of these sales, Hap Inc. should recognize: Group of answer choices 38,700 capital gain 20,700 capital loss 20,700 ordinary loss 38,700 Section 1231 gain treated as captial gain and 59,400 ordinary loss