In 2010, Candace, a never married woman, transfers $75,000 cash into California Customization (CC), a C corporation, in exchange for stock. CC strictly engages in the customization of pickup trucks and only generates income from that activity. It has NO other income types. The shareholders equity section of CC has never exceeded $500,000. In 2019, CC experiences tough times and Candace decides to sell her shares to a third party. The third party agrees to purchase the shares for $10,000. Candace comes to you and asks what the tax consequences to her are in 2019. What should you reply? a. Candace has a $65,000 capital loss on the sale of her stock b. Candace has a $65,000 ordinary loss on the sale of stock c. Candace has a $50,000 ordinary loss on the sale of the stock in 2019 and a $15,000 capital loss to be used to offset capital gains or use against ordinary income not to exceed $3,000 per year d. Candace has a $50,000 capital loss on the sale of the stock in 2018 and a $15,000 capital loss in another year