Henry Corporation sold a Capital Asset in 2019 that it had held for two (2) years at a loss of $30,000. In 2019, Henry Corporation had Taxable Income From Operations of $80,000 (Ordinary Income) and also had a Short-Term Capital Gain of $16,000. The total Capital Loss that Henry Corporation may deduct (offset) for the tax year of 2019 is:

1. $30,000
2. $3,000
3. $16,000
4. $0