1. The following data summarize the dealings in capital assets of an individual taxpayer. 2013 2012 Net income P 90,000 P120,000 Short term capital gains 35,000 60,000 Long term capital gains 40,000 25,000 Short term capital loss 60,000 50,000 Long term capital loss 80,000 20,000 Compute the net capital gain (loss) in 2019. a. (P 32,500) c. P 12,500 b. P25,000 d. PO