Summer Corporation Has the Following Capital Gains and Losses During

Summer Corporation has the following capital gains and losses during the current year:

The tax result to the corporation is

A) $6,000 NSTCG included in gross income.
B) $6,000 NLTCG included in gross income.
C) $10,000 NLTCG is included in gross income and $4,000 NSTCL is carried forward to the next year.
D) $10,000 NLTCG receives long-term capital gain treatment and $4,000 NSTCL included as ordinary loss.