Sable sells a passive activity with an adjusted basis of $245,000 for $305,000. Suspended losses attributable to this property total $45,000. The total gain and the taxable gain are:
a. $60,000 total gain; $60,000 taxable gain.
b. $15,000 total gain; $15,000 taxable gain.
c. $60,000 total gain; $0 taxable gain.
d. $60,000 total gain; $15,000 taxable gain.
e. None of the above.