Frankie had a short-term capital loss carryover to the current year of $4,400. For the year, he had a short-term capital gain of $2,500 and a long-term capital loss of $1,500. What is Frankies capital loss deduction and his carryover to the following year?

a. $2,650; no carryover

b. $3,400; no carryover

c. $3,000; $400 short-term loss carryover

d. $3,000; $400 long-term loss carryover