Terry sells two pieces of equipment used in his business. Both are Section 1231 assets. One results in a $5,000 gain and the other in a $12,000 loss. Assuming there is no Section 1245 recapture, how are these transactions treated on Terry's tax return?a. $5,000 ordinary income and $12,000 ordinary lossb. $5,000 long-term capital gain and $7,000 ordinary lossc. $0 income or $0 lossd. $5,000 long-term capital gain and $12,000 ordinary loss