On February 20th of this year, Bill purchased stock in Pink Corporation (not small business stock) for $1,000. On May 1 st of this year, the stock became worthless. During this year, Bill also had an $8,000 loss on 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. Which of the following statement is correct about Bill's gain/loss and characters of his gain/loss from these items? A. $4,000 net long-term capital loss and $9,000 net short-term capital loss. B. $4,000 net long-term capital loss and $3,000 net short-term capital loss. C. $8,000 ordinary loss and $4,000 net short-term capital loss. D. $8,000 ordinary loss and $5,000 net short-term capital loss. E. $8,000 net long-term capital loss and $6,000 net short-term capital loss