Question 12 3 pts On August 3, 2020, Stephen, a single individual, purchased $1244 stock in Colbert Corporation for $80,000. On June 15, 2021, Stephen sold the stock for $5,000. How should Stephen report this item on his 2021 tax return? $75,000 long term capital loss $50,000 ordinary loss and $25,000 short term capital loss O $25,000 ordinary loss and $50,000 short term capital loss $75,000 short term capital loss $75,000 ordinary loss Question 13 3 pts On February 20, 2020, Jon purchased stock in Stewart Corporation (the stock is not $1244 small business stock) for $1,000. On January 15, 2021, the stock became worthless. During 2021, Jon 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. How should Jon treat these items on her 2021 tax return? $4.000 long-term capital loss and $3,000 short-term capital loss $8,000 ordinary loss and $5,000 short-term capital loss O $4.000 long-term capital loss and $9,000 short-term capital loss O $8,000 ordinary loss and $3.000 short-term capital loss $8.000 long-term capital loss and $6,000 short-term capital loss