Jon, Elyn and Roll each own 100 shares of JER Corporation JER adopts a plan of complete liquidation JER distnbutes $100,000 of cash to Jon, a capital asset with a fair market value of $100,000 and a tax basis $120,000 to Elyn inventory with a fair market value of $100.000 and tax basis of 570,000 to Rorl What gain and/or loss does JER recognize on these distributions ? O A capital loss $20,000 and ordinary income $30,000 OB. capital fons $20,000 OG. No gain or loss OD, ordinary income $30,000 m statement appropriate input type, and other instructions here