Peter, proprietor of Peter's Easy Loan Company, loaned Jessie $4,000 on December 1, 2013. The loan is to be repaid on December 1, 2014, along with $600 interest. On July 10, 2014, Peter learns that Jessie has filed for personal bankruptcy and that non-secured creditors will receive only $0.60 on the dollar. Peter actually receives nothing until February 24, 2015. On that date, Peter receives a check for $1,000 from Jessie's bankruptcy proceedings in final settlement of the loan. How should Peter account for the loan to Jessie?

	a.	$1,600 short-term capital loss in 2014; and $1,400 short-term capital loss in 2015.
	b.	$3,000 ordinary loss in 2014.
	c.	$2,400 ordinary loss in 2014.
	d.	$1,600 ordinary loss in 2014; and $1,400 ordinary loss in 2015.
	e.	$3,000 short-term capital loss in 2015.