Company sold three operating assets this year. Company recognized a $14,100 Section 1231 loss on the first sale, a $20,000 Section 1231 loss on the second sale, and a $19,600 Section 1231 gain on the third sale. Which of the following statements is true?

A) Company can deduct its $14,500 net Section 1231 loss.

B) Company can deduct its $34,100 net Section 1231 loss and can treat its $19,600 Section 1231 gain as capital gain.

C) Company must treat its $14,500 net Section 1231 loss as a capital loss.