Please explain:

Claude Bergeron sold 1,000 shares of Ditta, Inc., an S corporation, for $12,000. He had owned the stock for three years and had a stock basis of $111,000 in the shares. Claude is single, and he is the original owner of the 1244 stock shares. Calculate the appropriate tax treatment. a. $99,000 long-term capital loss. b. No gain or loss. c. $50,000 LTCL; $49,000 ordinary deduction. d. $50,000 ordinary deduction; $49,000 LTCL.