Jon, Ellyn and Ron each own 100 shares of JER Corporation. JER adopts a plan of complete liquidation. JER distributes $100,000 of cash to Jon; a capital asset with a fair market value of $100,000 and a tax basis 5129,000 to Ellyn inventory with a for market value of 100,000 and the basis of $20.000 to Rorl What gain and/or loss does JER recognize on these distributions 7 O A ordinary income $30,000 OB, capitillos $20,000 Occapital oss $20,000 and ordinary income $30.000 OD. No gain or los memer, sport, and other instruction here