LO4 Mort begins investing in stocks in 2009. Listed here are his stock transactions for 2009 and 2010. Determine Mort’s gain or loss on his stock transactions for 2009 and 2010. In addition, for each sale of stock, determine whether the gain or loss is short-term or long-term.

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Price Stock Transaction Date Transaction per Share Commissions Paid Pepper Farm 5/24/09 Purchased 50 shares $ 8 $ 50 Acala Steel 10/5/09 Purchased 200 shares 14 200 Horton, Inc. 12/10/09 Purchased 300 shares 3 100 Acala Steel 12/28/09 Sold 50 shares 18 70 Horton, Inc. 2/4/10 Purchased 200 shares 2 30 Pepper Farm 2/15/10 Sold 25 shares 12 25 Horton, Inc. 3/1/10 Sold 100 shares 2 20 Pepper Farm 8/13/10 Sold 25 shares 13 35 Angor Mills 11/11/10 Purchased 800 shares Angor Mills 12/4/10 Sold 300 shares Horton, Inc. 12/19/10 Sold 400 shares 669 400 250 7 250