Molly purchased a personal residence for $75,000. It had a fair market value of $80,000 when it was damaged by a tornado. The tornado was in a federal declared disaster areA. The fair market value after the tornado was $35,500 and insurance proceeds totaled $25,000. What is the net amount of casualty loss she can claim if her adjusted gross income in 2020 is $50,000?

a.$39,400

b.$44,500

c.$19,500

d.$14,400