On October 1, 2019 Atkins Corporation, a C corporation, sold a commercial office building for $900,000 that it was renting to numerous commercial businesses. Atkins Corporation purchased the office building in 2008 for $840,000 and it took $240,000 of modified accelerated cost recovery (MACRS) deductions on the office building. What is the amount and character of the gain that is recognized by Atkins Corporation on the office building sale in 2019? a) $240,000 of Section 1245 gain and $60,000 of Section 1231 gain. Ob) $240,000 of unrecaptured Section 1250 gain and $60,000 of Section 1231 gain. Oc) $48,000 of Section 291 ordinary income and $252,000 of Section 1231 gain. d) $60,000 of Section 291 ordinary income and $240,000 of Section 1231 gain. e) $300,000 of Section 1231 gain