Kate has owned and operated a sole proprietor ship for the past 25 years she recently sold one of the buildings that she used in business for $700,000 she acquired the property in 2005 for $800,000 and had recognized $300,000 of depreciation since the acquisition what is the amount and character of any gain or loss that she will recognize on the sale?

a. 160k section 291 gain and 40k unrecaptured section 1250 gain

b. 100k section 1231 gain

c. 160k unrecaptured section 1250 gain and a 40k section 291 gain

d. 200k gain section 291

e. 200k unrecaptured section 1250 gain