Sherri is single, earns a salary of $100,000 and claims the standard deduction. She began investing in stock in 2016. She made her first sale in 2021. For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,000. How much loss will Sherri carryover to 2022 and what is the character of the loss carryover?

A. $3,500 long-term

B. $3,500 short-term

C. $2,500 short-term & $1,000 Long-term