On September 3,2012,Able,a Single Individual,purchased § 1244 Stock in Red

On September 3,2012,Able,a single individual,purchased § 1244 stock in Red Corporation from his friend Al for $60,000.On December 31,2012,the stock was worth $85,000.On August 15,2013,Able was notified that the stock was worthless.How should Able report this item on his 2013 tax return?

A) $85,000 capital loss.
B) $85,000 ordinary loss.
C) $50,000 ordinary loss and $35,000 capital loss.
D) $60,000 ordinary loss.
E) None of the above.