Randy, age 63, is a participant in a stock bonus plan sponsored by XYZ, Inc., a closely held corporation. Randy's account was credited with contributions in shares of XYZ stock to the stock bonus plan and XYZ Inc. had the following income tax deductions: Randy terminates employment in August of Year 6 and takes a distribution from the plan consisting of 975 shares of XYZ, Inc., having a fair market value of $24,000. If Randy sells the stock for $40,000 six months after receiving the distribution, which of the following statements are true? Randy has ordinary income of $14, 382 in year 6. Randy has long term capital gain of $24,000 in year 6. Randy has long term capital gain of S8, 125 in year 6. Randy has a short term capital gain of $16,000 in year 7. a.1 b.4 C. 3&4 d. 2&4