Bongo Corporation is incorporated in 2016. It has no capital asset transactions in 2016. From 2017 through 2020, Bongo has the following capital gains and losses:

Assuming that Bongo's marginal tax rate during each of these years is 34%, what is the effect of Bongo's capital gains and losses on the amount of tax due each year?

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Capital Gains Capital Losses 2017 2018 2019 2020 $ 14,000 $12,000 (26,000) (8,000) $ 9,000 $ 30,000 (22,000) (11,000)