Suzanne, an individual, began business four years ago and has never sold a 1231 asset. Suzanne owned each of the assets for several years. In the current year, Suzanne sold the following business assets:

Asset	Original Cost		Accumulated Depreciation		Gain
Machinery	$	12,000	$	5,000	$	6,000
Furniture		10,000		2,000		3,000
Building		90,000		20,000		12,000

Assuming Suzanne's marginal ordinary income tax rate is 28 percent, what is the character of the gains and what is Suzanne's tax liability?

Ordinary income

Section 1231 gain

Section 1250 gain

Tax liability