Jayne purchased General Motors stock 6 years ago for $20,000. In the current year, she sells the stock for $35,000. What is Jayne’s gain or loss?

a. $15,000 long-term gain

b. $15,000 short-term gain

c. $15,000 ordinary loss

d. $15,000 extraordinary gain

e. No gain or loss is recognized on this transaction