I:13-39 Nonrecaptured Net Sec. 1231 Losses. Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 2017–2022. Janet had no nonrecaptured Sec. 1231 losses at the beginning of 2017. If Janet has no capital gains and losses during the six-year period, determine her net capital gain and ordinary income/loss for each year.

Sec. 1231 Gains Sec. 1231 Losses 2017 $ 9,000 $ 7,000 2018 20,000 24,000 2019 12,000 19,000 2020 9,000 4,000 2021 25,000 13,200 2022 10,000 17,000