This year Andy sold several items of equipment, including one that had cost $117,200 and had accumulated depreciation $33,000. Which of the following statements is false?

Group of answer choices

If the sale price was $120,000, Andy recognizes $33,000 ordinary gain and $2,800 Section 1231 gain.

If the sale price was $90,000, Andy recognizes $5,800 ordinary gain.

If the sale price was $80,000, Andy will recognize $4,200 ordinary loss.

None of the other answers is false.