Hurst Company purchased an apartment building in 1986 for $700,000. The building is sold in 2018 for $900,000. The actual depreciation deducted on the building as of the sale date was $600,000. Straight-line depreciation for the same period would have been $400,000. What is the amount and character of the gain recognized on the sale?

a.$400,000 ordinary income, and $400,000 Section 1231 gain.

b.$900,000 Section 1231 gain.

c.$200,000 ordinary income, and $100,000 Section 1231 gain.

d.$200,000 ordinary income, and $400,000 long-term capital gain.

e.$200,000 ordinary income, and $600,000 Section 1231 gain.