In 2020, Pear Corporation had net income from operations of $150,000. Further, Pear Corporation recognized a long-term capital gain of $40,000, and a short-term capital loss of $45,000. Which of the following statements is correct?

a. Pear Corporation will have taxable income in 2020 of $145,000.

b. Pear Corporation will have taxable income in 2020 of $150,000 and will have a net capital loss of $5,000 that can be carried back 3 years and forward 5 years.

c. Pear Corporation may deduct $43,000 of the capital loss in 2020 and may carry forward the remainder of the capital loss indefinitely to offset capital gains.

d. Pear Corporation may use the capital loss to offset the capital gain and must carry the net capital loss of $5,000 forward five years as a short-term capital loss.