Virginia has a casualty gain of $5,000 and a casualty gain of $2,500, before reduction by the $100 floor. The gain and loss were the result of two separate casualties, and both properties were personal-use asset. What is Virginia's gain or loss as a result of these casualties?

A. $5,000 capital gain and $2,500 capital loss

B. $5,000 capital gain and $2,400 itemized deduction, subject to the 10 percent of adjusted gross income limitation

C. $5,000 capital gain and $2,500 itemized deduction, subject to the 10 percent of adjusted gross income limitation

D. $5,000 capital gain and $2,400 capital loss

E. None of the above