Proctor Inc $$\begin{array} { r r r r r r } 2011 & 2012 & 2013 & 2014 & 2015 & 2016 \\- 0 - & ( 3,800 ) & 9,040 & ( 15,900 ) & - 0 - & - 0 -\end{array}$$

Proctor Inc. was incorporated in 2011 and adopted a calendar year. Here is a schedule of Proctor's net Section 1231 gains and (losses) reported on its tax returns through 2016. $$\begin{array} { r r r r r r } 2011 & 2012 & 2013 & 2014 & 2015 & 2016 \\- 0 - & ( 3,800 ) & 9,040 & ( 15,900 ) & - 0 - & - 0 -\end{array}$$ In 2017, Proctor recognized a $25,000 gain on the sale of business land. How is this gain characterized on Proctor's tax return?

A) $25,000 Section 1231 gain
B) $19,700 ordinary gain and $5,300 Section 1231 gain
C) $15,900 ordinary gain and $9,100 Section 1231 gain
D) $25,000 ordinary gain

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