Fact Pattern 24-1 Bailey Has Been Making Large Credit Card Purchases for Months.He

Fact pattern 24-1
Bailey has been making large credit card purchases for months.He has also borrowed money from his Jack and Susan who are friends of his so that he can continue his rather lavish lifestyle.He borrowed $1,000 from Jack and $2,000 from Susan.He also borrowed $500 from his mother.Bailey finally decides that he can no longer continue to make even the minimum payments on his credit card and starts to consider filing for bankruptcy.He does,however,want to pay some of his debts.He starts the New Year off by paying his mother off on January 1.Then,on June 1 he pays Jack; and on July 4,he pays Susan.Bailey proceeds to file bankruptcy on August 1 because he has repaid anyone he really cares about.He plans to complete the bankruptcy and move to the Caribbean.
-Refer to fact pattern 24-1.Which of the following is true regarding the repayment of the loans from Jack and Susan?

A) The payment to Susan would be considered a preference because it was made within 30 days of the filing for bankruptcy,but the payment to Jack would not be considered a preference because it was made more than 30 days prior to the bankruptcy filing.
B) Payments to both Jack and Susan would be considered preferences because they were made within 90 days of the filing for bankruptcy.
C) Payments to both Jack and Susan would be considered preferences because Jack and Susan are insiders,and the payments were made within one year of the bankruptcy filing.
D) The payments would not be considered preferences.