Problem: Oxen Corporation incurs the following transactions. Net income from operations $100,000 Interest income from savings account 3,000 Long-term capital gain from sale of securities 10,000 Short-term capital loss from sale of securities 4,000 ? Oxen maintains a valid S election and does not distribute any assets (cash or property) to its sole shareholder, Megan. As a result, Megan must recognize (ignore 20% QBI deduction): a. Ordinary income of $109,000. b. Ordinary income of $103,000 and long-term capital gain of $6,000. c. Ordinary income of $103,000. d. Ordinary income of $103,000, long-term capital gain of $10,000, and $4,000 short-term capital loss.