In its current tax year, SPS Corporation generated $300,000 ordinary income from the performance of consulting services for its clients. SPS sold two assets, recognizing a $20,000 gain on the first sale and a $31,000 loss on the second sale. Which of the following statements is false? Select one: O a. If the gain and loss were capital gain and loss, SPS's taxable income was $300,000. O b. If the gain was capital gain and the loss was ordinary, SPS's taxable income was $269,000. O c. If the gain and loss were ordinary, SPS's taxable income was $289,000 O d. If the gain was ordinary and the loss was a capital loss, SPS's taxable income was $320,000