Gina has a business activity that has been deemed a hobby. In 2023, Gina's hobby business had $20,000 of revenue and $100,000 of expenses. Which of the following is true? Group of answer choices A. Gina recognizes $20,000 as taxable revenue, and can recognize up to $20,000 of expenses. The remaining $80,000 of expenses are carryforwarded to future years. B. Gina does not recognize any revenue, and Gina does not recognize any expenses. C. Gina has a net loss of $90,000 from the hobby business. The $90,000 loss can be used to offset other income. D. Gina recognizes $20,000 as taxable income, and the $100,000 of expenses have been suspended and not allowed to be a deduction