I:5-25 Phil, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2022. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2022.

Capital Asset Basis Date Acquired Trade Date in 2022 Sales Price A $40,000 Feb. 10, 2021 Aug. 12 $52,000 B 20,000 Dec. 5, 2021 May 2 17,000 C 30,000 Apr. 9, 2020 Dec. 10 37,400