Melissa Sells Stock She Purchased in 2003 for a $7,500

Melissa sells stock she purchased in 2003 for a $7,500 gain in 2013.In August 2013,she also sells land she purchased as an investment in December 2012 at a loss of $12,000.
I.Melissa's tax on the $7,500 gain is $1,125.
II.Melissa has a deductible capital loss of $3,000 in 2013.

A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.