Janelle is in the business of owning, operating and managing commercial and residential real estate. Seventeen years ago, she purchased a multi-unit apartment building for $5,000,000. Janelle took correct depreciation of the apartment building using the straight-line method over a recovery period of 39 years as required under Section 168. Because of the depreciation deductions, her basis I the building is currently $3,250,000. This year she should the apartment building for $7,000,000. How would Janelle characterize the gain that she realized on the sale of the building? a. $3,750,000 ordinary income, because the apartment is not a capital asset. b. $1,750,000 ordinary income and $2,000,000 long-term capital gain because the apartment building is not a capital asset. c. $1,750,000 ordinary income and $2,000,000 long-term capital gain, assuming that the gains from the sale of property used in Janelle's business exceed the losses from such property for the taxable year. d. $3,750,000 long-term capital gain, assuming that the gains from the sale of property used in Janelle's business exceed the losses from such property for the taxable year