Leander buys a painting from a collector for resale in a gallery. The painting was purchased for 5,000 and sold it 24 months later for9,000. What are the nature and the amount of the gain on the sale?
1) 5,000 ordinary gain and 4,000 Section 1231 gain
2) 4,000 Section 1245 gain
3) 4,000 gain subject to 28