Harrison Corporation sells a building for $330,000 in the current year. Harrison purchased the building in 2008 for $250,000 and had taken $20,000 in depreciation on the building up to the date of its sale. How should Harrison report the gain on the sale of the building?

a. Ordinary income of $96,000 and Section 1231 gain of $4,000.

b. Ordinary income of $100,000.

c. Section 1231 gain of $96,000 and ordinary income of $4,000.

d. Section 1231 gain of $100,000.

e. Section 1231 gain of $80,000 and ordinary income of $20,000.