Kate sells her office building and land that she originally purchased in 1979. She took straight-line depreciation on the building and the building is now fully depreciated at the time of the sale. Kate is in the 37% marginal tax bracket in 2019 and has the following information about assets that she is selling:

Property: Office Building

Original Cost: $2,310,000

Total Depreciation Taken: $2,310,000

Adjusted Basis: 0

Selling price: $2,640,000

Property: Land

Original Cost: $412,500

Total Depreciation Taken: N/A

Adjusted Basis: $412,500

Selling Price: $660,000

Kate does not plan to sell any other assets in 2019. A review of Kate's files shows that her only other dispositions of Section 1231 assets in the past five years was some furniture sold for a $42,900 loss in 2018. Give the amount AND the character of Kate's gains on the sale in 2019 AND give applicable tax rates that will apply to those gains in 2019.