QUESTION 16 Spectrum, Inc., has a 2020 net $ 1231 loss of $64,000 and had a $30,000 net $ 1231 gain in 2019. For 2020. Spectrum s net $ 1231 low is treated a. 564.000 capital loss b. 864,000 ordinary loss c. $34,000 long-term capital gain and $30,000 ordinary loss. d. $30,000 long-term capital gain and $34,000 ordinary loss. e. None of the above