21. Two years ago, Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. Last year, when the balance owing on the loan was S16,000, Tom defaulted on the note. As of the end of last year, there appeared to be no reasonable prospect of Gina recovering the 516,000. As a consequence, Gina claimed the S16,000 as a nonbusiness bad debt. Last year, Gina had AGI of $50,000, which included $14.000 of net long-term capital gains. Gina did not itemize her deductions. During the current year, Tom paid Gina $5,000 in final settlement of the loan. How should Gina account for the payment in the current year? a. File an amended tax return for last year. 1. Report no income for the current year c. Report 55,000 of income for the current year d. Report S14,000 of income for the current year None of these