Olivia, a noncorporate taxpayer, experienced the following Sec. 1231 gains and losses during the years 2015 through 2018. Her first disposition of a Sec. 1231 asset occurred in 2015. What is the tax treatment for 2018?

	gains	losses
2015	18000	23000
2016	9000	13000
2017	22000	16000
2018	25000	17000

A) $8,000 LTCG

B) $8,000 Ordinary Income

C) $4,000 Ordinary Income, $4,000 LTCG

D) $3,000 Ordinary Income, $5,000 LTCG