Lemon Corporation incurs the following transactions. Net income from operations $110,000 Interest income from saving account 5,000 Long-term capital gain from sale of securities 9,000 Short-term capital loss from sale of securities 4,000 Lemon maintains a valid S election and does not distribute any dividends to its shareholder, Nina. As a result, which of the following must Nina recognize? Ignore the 20% QBI deduction. a. Ordinary income of $120,000. b. Ordinary income of $115,000 and long-term capital gain of $5,000. Oc. Ordinary income of $115,000, long-term capital gain of $9,000, and $4,000 short-term capital loss. Od. Capital gain of $120,000.