LO10,11 Faith, who is single, sells the following assets during 2010:

l 20,000 shares of qualified small business stock at a loss of $62,000. Faith bought the stock in 2005.

l 1,200 shares ofGeelong Industries at a gain of $4,500. Faith bought the stock in 2007.

l An XZ10 sailboat at a loss of $3,500. Faith acquired the boat, which she used in her leisure hours, in 2006.

l A 1973 Holden Deluxe automobile at a gain of $3,700. Faith never used the car for business.

l 50 shares of Fremantle, Inc., at a gain of $1,300. Faith bought the stock in 2010 and sells it to her brother.

l 75 shares of Fitzroy Corporation at a loss of $300. Faith bought the stock in 2006 and sells it to her sister.

Calculate Faith’s net capital gain (loss) for 2010.