Yousef sold the following assets used in his business during 2024:Asset Holding Period Gain/(Loss)Office Equipment 6 years $2,200Automobile 8 months ($1,600)XYZ Stock (Capital Asset) 2 years $2,800 Office equipment, purchased for $16,000, had a zero basis. The automobile was purchased for $4,000 and sold for $2,400. The XYZ stock was purchased for $3,600 and sold for $6,400. In 2024, the year of the sale, Yousef should report what amount of net capital gain and net ordinary income?
a.$3,400 LTCG.
b.None of the choices presented are correct.
c.$5,000 LTCG and $1,600 ordinary loss.
d.$1,200 LTCG and $600 ordinary gain.
e.$2,800 LTCG and $600 ordinary gain.