During 2018, Wyatt Corporation (a calendar year taxpayer) had an excess Long-Term Capital Loss of $20,000 which it could not carry back to prior tax years. For 2019, Wyatt Corporation had a Long-Term Capital Gain of $50,000 and a Short-Term Capital Gain of $15,000. As a result of these transactions, for 2019, Wyatt Corporation has a net:

1.Short-Term Capital Gain of $15,000

2.Long-Term Capital Gain of $45,000

3.Short-Term Capital Gain of $45,000

4.Long-Term Capital Gain of $50,000