John is a 10% partner in Wisdom Partnership. During the current year, the partnership reported the following items in total for the year Ordinary income Interest income Long-term capital gain Short-term capital loss $ 75,000 9.000 110 000 (40,000) Wisdom Partnership also distributed $2,500 in cash withdrawals this year to John In addition to these items, John recognized a short-term capital gain of $8,000 and a long-term capital loss of ($6,000) this year from selling two different investments he owned. The amount of John's income that will be subject to a preferential tax rate is $0. $1,000 $5,000. 59.000 none of the above