Ostrich, a C corporation, has a net short-term capital gain of $20,000 and a net long-term capital loss of $90,000 during 2012.Ostrich also has taxable income from other sources of $1 million.Prior years' transactions included the following:

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The Answer of Ostrich, a C corporation, has a net short-term capital gain of $20,000 and a net long-term capital loss of $90,000 during 2012.Ostrich also has taxable income from other sources of $1 million.Prior years' transactions included the following:

Ostrich, a C Corporation, Has a Net Short-Term Capital Gain