An individual with gross income of $78,000 had the following gains and losses trom capital transactions auring the current vear: Loss of $11.000 on the sale of princioal residence held for five vears: Gain of $5.000 from the sale of securities held for four vears: Loss of $9,000 on the sale of municipal bonds held for seven months; LosS of $4,000 on the sale of a painting held for investment for titteen vears What amount of the capital loss should the individual carry forward? $5.000 B. $8,000 C. $16,000 D. $19.000