Sherry owned a rental property. She originally acquired the property for $260,000 with $200,000 of the cost attributed to the building. Over the years, Sherry has claimed CCA of $32,000, such that her UCC at the beginning of the year was $168,000. The rental property is the only asset in the class. This year, she sold the property for $214,000, with $160,000 of the sale price attributed to the building.

Which of the following statements is correct?

	A.	Sherry has an allowable capital loss of $4,000.
	B.	Sherry has a terminal loss of $8,000.
	C.	Sherry has a capital loss of $36,000.
	D.	Sherry has recapture of $32,000.