Very Cool, Inc, has a $2023$ net Sec. $1231$ gain of $$110,000$ and had a $$124,000$ net Sec. $1231$ loss in $2022.$ For $2023,$ Very Cool's net Sec. $1231$ gain is treated as

a$.$ $$110,000$ ordinary gain.

b$.$ $$110,000$ Capital gain.

c$.$ None of the choices presented are correct.

d$.$ $$110,000$ capital loss.

e$.$ $$110,000$ ordinary loss.