71. Joe Jupiter bought a store building for $1,000,000 on January 1, 1986. He depreciated the building using ACRS (accelerated) and the building was fully depreciated before selling it on December 31, 2019 for $1,050,000 (the only Sec. 1231 sale for the year). How is the gain recognized? (Joe's ordinary taxable income is $300,000.) Select one: a. $1,050,000 Section 1231 gain b. $1,050,000 ordinary income c. $1,000,000 ordinary income, $50,000 at maximum rate of 25% d. $1,000,000 ordinary income, $50,000 at a maximum rate of 15% e. $1,000,000 at maximum rate of 25%, $50,000 at 15%