During the Current Year, George Recognizes a $30,000 Sec

During the current year, George recognizes a $30,000 Sec. 1231 gain on sale of land and a $18,000 Sec. 1231 loss on the sale of land. Prior to this, George's only Sec. 1231 item was a $14,000 loss six years ago. George must report a

A) $10,000 ordinary income and $2,000 net LTCG.
B) $14,000 ordinary income.
C) $12,000 ordinary income.
D) $12,000 net LTCG.