Problem: During the current year, Orion 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 Orion maintains a valid S election and does not distribute any assets (cash or property) to its sole shareholder, Candice. As a result, Candice must recognize: a. Ordinary income of 109,000 and a long-term capital gain of $6,000. b. Ordinary income of $109,000. c. Ordinary income of $100,000 and a short-term capital loss of $4,000. d. Ordinary income of $103,000, long-term capital gain of $10,000, and a $4,000 short-term capital loss. e. Ordinary income of $103,000 and long-term capital gain of $6,000.