This Year, Adula Company Sold Equipment Purchased in 2011 at a Cost

This year, Adula Company sold equipment purchased in 2011 at a cost of $117,200. Accumulated depreciation through date of sale was $33,000. Which of the following statements is false?

A) If the sale price was $90,000, Adula recognized $5,800 ordinary gain.
B) If the sale price was $120,000 Adula recognized $33,000 ordinary gain and $2,800 Section 1231 gain.
C) If the sale price was $80,000, Adula recognized $4,200 ordinary loss.
D) None of the above is false.