Patricks Vegetable Industries (a sole proprietorship) sold three 1231 assets on October 10, 2015. Data is below.

These were Patricks only 1231 transactions during the year. Assuming he has no non-recaptured 1231 losses from prior years, what is the amount and character of gain recognized by Patrick?

Asset Cost Acquired Depreciation Sold for S 105,000 10/30/2003 $70,000 $85,000 Forklift $37,000 10/17/2005 $17.000 4.000 Elevator $94,000 4/17/2006 $43,000 $74,000