3. This year Jenna had the gains and losses noted below on property, plant and equipment used in her business. Each asset had been held longer than one year. Jenna has not previously disposed of any business assets. - Loss due to insurance reimbursement for fire ..............$(17,000) - Loss due to condemnation .............. ............................(12,000) - Gain on sale of Sec. 1231 Property.............. ...............21,000 Jenna will recognize A. Ordinary gain (loss) $(17,000) LTCG(L) $9,000 Ordinary gain (loss) $(29,000 LTCG(L) $21,000 LTCG(L) Ordinary gain (loss) $(8,000) SO Ordinary gain (loss) $(12,000) LTCG(L) $4,000 6. Norman, a self-employed lawyer, traveled to San Francisco for four days on vacation, and while there spent another two days conducting business. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day; and a rental car cost $150 per day that was used for all six days. Norman may deduct A. $1,050. B. $0. c. $1,217. D. $1,200