On July 18 , 2018, Ned Leeds, a single individual, purchased $ 1244 stock in Spider X Corporation from his friend Peter for $60,000. On December 31, 2018, the stock was worth $85,000. On November 15, 2023, Ned was notified that the stock was worthless. How should Ned report this item on his 2023 tax return? O a, $85,000 capital loss. O b. $50,000 ordinary loss; 35,000 capital loss O c. $50,000 ordinary loss; 10,000 capital loss. O d. $60,000 capital loss