Firm F Purchased a Commercial Office Building for Business Use

Firm F purchased a commercial office building for business use in 2005 for $965,000. This year, the firm sold the building for $1 million. Accumulated MACRS depreciation through date of sale was $275,000. Which of the following statements is true?

A) If Firm F is a corporation, it recognizes $55,000 ordinary income and $255,000 Section 1231 gain.
B) If Firm F is a corporation, it recognizes $62,000 ordinary income and $248,000 Section 1231 gain.
C) If Firm F is a noncorporate taxpayer, it recognizes $310,000 Section 1231 gain.
D) Both a. and c. are true.