Mark Corp. had the following Section 1231 gains and losses in the previous four years:

Year Section 1231 gain

(loss)

1 $55,000

2 (48,000)

3 $22,000

4 $12,000

In Year 5, they sold equipment they had purchased 2 years ago and were using for their business. The equipment was sold for $140,000. The original ... of the equipment was $120,000 and the adjusted basis was $40,000.

How will they treat this gain in year #5?