Jon Ellyn and Rorl each own 100 shares of JER Corporation JER adopts a plan of complete liquidation JER distributes $100,000 of cash to Jorca capital asset with a fair market value of $100,000 and a tax basis $120,000 to Elyn nventory with a fair market value of $100,000 and tax basis of $70,000 to Rorl What gain and or loss does JER recognize on these distributions > OA capital oss $20,000 and ordinary income $30,000 OB. capital $20,000 OG No gain or loss OD Ordinary income $30,000 malement appropriate input type, and other instructions here