Tamika owned 200 shares of Gold Corporation with a basis of $12,000 and a FMV of $24,000. Tamika received 20 stock rights as a nontaxable distribution with a total FMV of $8,000. Tamika sold the stock rights for $4,000. Tamika's gain or loss on the sale was (LABEL AND SHOW ALL WORK WITH CALCULATIONS)

A) $1,000.

B) $3,000.

C) $4,000.

D) ($4,000).