10. The following assets used in Howard's business were sold during the current year. The office equipment had originally been purchased for $7,000. In the current year, assuming that there are no other asset dispositions during the year, Howard should report what amount of net capital gain (loss) and net ordinary income (loss)? a) \$2,500 long-term capital gain and $0 ordinary gain/loss. b) $2,500 long-term capital gain and $800 ordinary loss. c) $1,400 long-term capital gain and $300 ordinary gain. d) $2,500 long-term capital gain and $800 short-term capital loss. e) $1,700 long-term capital gain