Land purchased for $60,000 in 2000 and used in the taxpayer's business is sold in the current year for $67,000. The sale of the land results in:

a.$7,000 of short-term capital gain.

b.$7,000 of long-term capital gain

c.$7,000 of ordinary income.

d.$7,000 of Section 1231 gain.

e.none of the above