On June 1, 2011, Xerox Corporation purchased and placed in service 7-year MACRS tangible property costing $100,000. On November 10, 2014, Xerox sold the property for $102,000 after having taken MACRS $47,525 in depreciation deductions. What is the amount and character (i.e., ordinary income vs. 1231 gain) of Xerox's gain?