QUESTION 20 Peach Company sold machinery for $70,000 on December 23, 2020. The machinery had been acquired on April 1, 2018, for $69.000 and its adjusted basis was $34,200. The $1231 gain, $ 1245 recapture gain, and $ 1231 loss from this transaction are: a. 0 $ 1231 gain, $10,800 $ 1245 recapture gain, $0 $1231 loss b: $1,000 $ 1231 gain, $34,800 $ 1245 recapture gain, $o $1231 loss. c 50 $ 1231 gain, $34,200 $ 1245 recapture gain, $0 $1231 loss. d. $0 $ 1231 gain, $10,800 $ 1245 recapture gain, $34,200 $1231 loss. e. None of the above