Khalid,who Is Single,had the Following Items for 2014 A) $\text { a. } \$10,000$

Khalid,who is single,had the following items for 2014:
$\begin{array}{lr}\text { Salary } & \$ 40,000 \\\text { Interest income on U.S. Treasure bonds } & 8,000 \\\text { Loss on theft of securities } & (60,000 \\\text { Interest income on New York state bonds } & 12,000\\\text { What is Khalid's NOL for }\end{array}$

A) $\text { a. } \$10,000$
B) $\$ 12,000$
C) $\$ 15,000$
D) $\$ 25,100$
E) $\text { None of these }$